Tyonek Native Corporation 401(k) Review & Grade
Tyonek Native Corporation 401(k) Plan
Madison, ALFinance & Insurance1,576 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,321Employer $ per active participant
$4,656Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$64.4MNet plan assets, end of year
$47,676Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 50th |
| Employee saving | 19th |
| Peers that auto-enroll | 62% |
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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 ($164,427 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $74,149 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tyonek Native put in about $2,321 per active participant, below the typical peer ($3,606). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,658,503 |
| Participant (employee) contributions | $7,337,706 |
| Other contributions (incl. rollovers in) | $1,069,042 |
| Administrative expenses paid from the plan | $137,755 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $19,984 |
| Other admin expenses | $85,911 |
| Benefits paid out | $8,379,328 |
| Net assets, start / end of year | $53.6M / $64.4M |
| Active participants, start / end of year | 1,586 / 1,566 |
| Participants with account balances | 1,351 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $85,911 reported compensation |
| Fidelity Investments Institutional | $29,860 reported compensation |
| Strategic Advisors, Inc. | $19,984 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013120109NAL0000567379001, received 2025-10-13, EIN 92-0047626, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.