Seminole Tribe of Florida 401(k) Review & Grade
Seminole Indian Casino 401(k) Plan
Davie, FLArts, Entertainment & Recreation12,695 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$883Employer $ per active participant
$4,187Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$395.8MNet plan assets, end of year
$22,870Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 14th |
| Employee saving | 44th |
| Peers that auto-enroll | 50% |
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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
- Seminole Tribe of Florida put in about $883 per active participant, below the typical peer ($2,229). 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 (0.22% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $11,206,624 |
| Participant (employee) contributions | $53,152,424 |
| Other contributions (incl. rollovers in) | $1,387,183 |
| Administrative expenses paid from the plan | $795,257 |
| Investment advisory & management fees | $136,414 |
| Benefits paid out | $36,205,478 |
| Net assets, start / end of year | $325.4M / $395.8M |
| Active participants, start / end of year | 12,626 / 12,764 |
| Participants with account balances | 17,305 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $658,844 reported compensation |
| Ubs Financials Services | $136,414 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164626NAL0005455601004, received 2025-10-15, EIN 59-1415030, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.