Menominee Indian Tribe of Wisconsin 401(k) Review & Grade
Menominee Indian Tribe of Wisconsin 401(k) Retirement Savings Plan
Keshena, WIOther Services1,333 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,493Employer $ per active participant
$2,260Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$64.5MNet plan assets, end of year
$45,456Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 27th |
| Employee saving | 44th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Menominee Indian Tribe of Wisconsin put in about $1,493 per active participant, more than the typical peer ($1,257). 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 (0.45% 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.
- 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 | $1,989,646 |
| Participant (employee) contributions | $3,012,836 |
| Other contributions (incl. rollovers in) | $133,466 |
| Administrative expenses paid from the plan | $274,691 |
| Benefits paid out | $6,467,224 |
| Net assets, start / end of year | $58.7M / $64.5M |
| Active participants, start / end of year | 1,318 / 1,348 |
| Participants with account balances | 1,418 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Redw LLC |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $274,691 reported compensation |
| Nicolet National Bank | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715164158NAL0003399697001, received 2026-07-15, EIN 39-1205576, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.