Barona Band of Mission Indians 401(k) match, vesting and fees
What Barona Band of Mission Indians' 401(k) plan says about matching contributions
The Tribe may provide for a discretionary matching contribution. The Tribe will match 50% of the first 4% of eligible compensation contributed by participants.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 44 ↗ |
| Automatic enrollment | Participants may affirmatively elect to contribute up to 100% of their annual compensation into a pre-tax deferral account and/or an after-tax Roth account up to the maximum allowed by the IRS limitation. Participants may also contribute amounts representing distributions (rollovers) from other qualified plans. As of May 1, 2024, the plan has been amended to introduce Automatic Enrollment for eligible participants at a rate of 4%. | Audit report, p. 44 ↗ |
| Roth contributions | Participants may affirmatively elect to contribute up to 100% of their annual compensation into a pre-tax deferral account and/or an after-tax Roth account up to the maximum allowed by the IRS limitation. | Audit report, p. 44 ↗ |
| Recordkeeper | Morgan Stanley | Schedule C ↗ |
| Independent auditor | Duffy Kruspodin, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 135 defined-contribution plans in arts, entertainment, and recreation with 1,000 to 4,999 participants.
| Barona Band of Mission Indians: employer contribution per participant | $738 | |
| Peer median | $1,412 |
| Barona Band of Mission Indians: average balance | $61,509 | |
| Peer median | $54,020 |
| Barona Band of Mission Indians: admin expenses ÷ assets | 0.18% | |
| Peer median | 0.16% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $119M at the end of plan year 2023 to $134M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,521 | $134M | $1.6M | $738 | 0.18% | Quoted in the audit report, p. 44 ↗ | Form 5500 ↗ |
| 2023 | 2,545 | $119M | $1.5M | $681 | 0.18% | Not published | Form 5500 ↗ |
Common questions
Does Barona Band of Mission Indians match 401(k) contributions?
The audit report attached to the Barona Employees 401(k) Retirement Plan's plan year 2024 Form 5500, page 44 says: “The Tribe may provide for a discretionary matching contribution. The Tribe will match 50% of the first 4% of eligible compensation contributed by participants.” Plan terms may have changed; check your current Summary Plan Description.
When is the Barona Band of Mission Indians 401(k) match vested?
The vesting schedule for the Barona Employees 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Barona Band of Mission Indians 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Morgan Stanley. The plan administrator is Barona Band of Mission Indians.
I left Barona Band of Mission Indians. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Barona Band of Mission Indians, (619) 328-3513) or the recordkeeper, Morgan Stanley. The Barona Band of Mission Indians old 401(k) page lists the contacts from every plan filing. Find an old Barona Band of Mission Indians 401(k)
Data from the public Form 5500 annual reports Barona Band of Mission Indians filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Barona Band of Mission Indians. Not financial advice. Report a correction · Methodology