Red Lake Band Of Chippewa Indians 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2013. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Red Lake Band Of Chippewa Indians 401(k) Plan Facts (plan year 2013)

Plan name
RED LAKE BAND OF CHIPPEWA INDIANS RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
RED LAKE BAND OF CHIPPEWA INDIANS
Participants
681 (584 active employees)
Former employees with a balance
77
Plan assets
$19,207,336 at Dec 31, 2013
Average account balance
$32,012 across 600 accounts
Employer contributions
$1,540,726 in plan year 2013 (72% of all contributions)
Plan year
Jan 1, 2013 – Dec 31, 2013
Plan established
Oct 1, 1995
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2013 (Jan 1, 2013 – Dec 31, 2013), filed Oct 14, 2014. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2013

  • $2.15 million went into the plan in contributions, $1.54 million of it from the employer (72%).
  • $1.87 million was paid out to participants.
  • Investment and other income added $2.87 million.
  • Administrative expenses were $7,195, about $12 per account.

How the Red Lake Band Of Chippewa Indians 401(k) changed, 2009–2013

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009842$12.0 million$1.28 million$910,794
2010802$13.7 million$1.33 million$1.40 million
2011845$14.3 million$1.44 million$1.11 million
2012750$16.0 million$1.52 million$1.93 million
2013681$19.2 million$1.54 million$1.87 million

Red Lake Band Of Chippewa Indians 401(k) Contact Information

Phone
218-679-1800
Mailing address
24388 HIGHWAY 1 EAST PO BOX 574, RED LAKE MN 56671
Plan sponsor
RED LAKE BAND OF CHIPPEWA INDIANS
Employer identification number (EIN)
41-0692381
Plan number
001

Questions about the Red Lake Band Of Chippewa Indians 401(k)

Is the Red Lake Band Of Chippewa Indians 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2013, and no later filing was found under this employer's EIN.

Does Red Lake Band Of Chippewa Indians contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2013 the employer contributed $1.54 million, 72% of all contributions.

Does the Red Lake Band Of Chippewa Indians 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Red Lake Band Of Chippewa Indians 401(k) plan?

681 participants at the start of plan year 2013, 584 of them active employees, and 77 former employees who still had money in the plan.

What is the average 401(k) balance at Red Lake Band Of Chippewa Indians?

About $32,012 per account: $19.2 million in plan assets across 600 accounts with a balance at the end of plan year 2013.

Who manages the Red Lake Band Of Chippewa Indians 401(k) accounts?

The Standard is the plan's recordkeeper, which is where participants log in to see their balance.

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