Pueblo of Laguna 401(k) Review & Grade
Pueblo of Laguna Commercial Enterprises 401(k) Profit Sharing Plan and Trust
Laguna, NMPublic Administration798 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,376Employer $ per active participant
$1,580Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$25.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 500–2,499 active participants (fewer than 30 industry peers) (10,919 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 20th |
| Employee saving | 19th |
| Peers that auto-enroll | 47% |
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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 ($436,346 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pueblo of Laguna put in about $1,376 per active participant, below the typical peer ($1,749). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.55% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,098,280 |
| Participant (employee) contributions | $1,260,909 |
| Other contributions (incl. rollovers in) | $94,299 |
| Administrative expenses paid from the plan | $132,618 |
| Other admin expenses | $6,403 |
| Benefits paid out | $2,836,480 |
| Net assets, start / end of year | $23.1M / $25.5M |
| Active participants, start / end of year | 786 / 810 |
| Participants with account balances | 317 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Loftis & Lovato Group |
Largest service providers (Schedule C)
| Bokf, NA | $132,618 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006101154NAL0009002978001, received 2025-10-06, EIN 85-0138325, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.