Dakota Nation Gaming Enterprise 401(k) Review & Grade
Dakota Nation 401(k) Plan and Trust
Hankinson, NDAccommodation & Food Services741 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,348Employer $ per active participant
$1,701Employee $ saved per active participant
1.13%Direct admin cost, % of plan assets
$13.3MNet plan assets, end of year
$16,671Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 5th |
| Employee saving | 80th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,701 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,663 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dakota Nation Gaming Enterprise put in about $1,348 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.13% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $998,671 |
| Participant (employee) contributions | $1,260,142 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $142,741 |
| Contract administrator fees | $57,917 |
| Investment advisory & management fees | $27,068 |
| Benefits paid out | $1,885,053 |
| Net assets, start / end of year | $11.9M / $13.3M |
| Active participants, start / end of year | 752 / 730 |
| Participants with account balances | 799 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boyum Barenscheer Pllp |
Largest service providers (Schedule C)
| Definiti LLC | $115,674 reported compensation |
| Future Bright, LLC | $27,068 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141127NAL0001395329001, received 2025-10-13, EIN 45-0438120, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.