Swinomish Tribal Community 401(k) match, vesting and fees
What Swinomish Tribal Community's 401(k) plan says about matching contributions
Employer safe harbor match and profit sharing contributions – The Community makes safe harbor matching contributions and may elect to make a discretionary profit sharing contribution to the Plan. The safe harbor matching contribution is equal to 100% of the first 3% of eligible compensation contributed to the Plan and 50% of next 2% of eligible compensation contributed to the Plan.
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. 30 ↗ |
| Automatic enrollment | Eligible participants are automatically enrolled into the Plan on the first day of the month coinciding with or immediately following the date they meet eligibility requirements. Unless specified otherwise, participants automatically contribute 3% of eligible compensation. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Baker Tilley, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 17 defined-contribution plans in public administration with 1,000 to 4,999 participants.
| Swinomish Tribal Community: employer contribution per participant | $1,541 | |
| Peer median | $1,505 |
| Swinomish Tribal Community: average balance | $39,987 | |
| Peer median | $35,263 |
| Swinomish Tribal Community: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.24% |
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 $46.8M at the end of plan year 2023 to $58.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,574 | $58.3M | $2.2M | $1,541 | 0.12% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 1,423 | $46.8M | $1.7M | $1,237 | 0.14% | Not published | Form 5500 ↗ |
Common questions
Does Swinomish Tribal Community match 401(k) contributions?
The audit report attached to the Swinomish Tribal Community Retirement Savings Plan's plan year 2024 Form 5500, page 30 says: “Employer safe harbor match and profit sharing contributions – The Community makes safe harbor matching contributions and may elect to make a discretionary profit sharing contribution to the Plan. The safe harbor matching contribution is equal to 100% of the first 3% of eligible compensation contributed to the Plan and 50% of next 2% of eligible compensation contributed to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Swinomish Tribal Community 401(k) match vested?
The vesting schedule for the Swinomish Tribal Community Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Swinomish Tribal Community 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Swinomish Tribal Community.
I left Swinomish Tribal Community. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Swinomish Tribal Community, (360) 466-7204) or the recordkeeper, Fidelity Investments Institutional. The Swinomish Tribal Community old 401(k) page lists the contacts from every plan filing. Find an old Swinomish Tribal Community 401(k)
Data from the public Form 5500 annual reports Swinomish Tribal Community 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 Swinomish Tribal Community. Not financial advice. Report a correction · Methodology