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FORM 5500 DATA

Kalispel Tribal of Indians 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2017 $48,204,191
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants2,001
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits174
  • Subtotal2,178
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total2,178
  • Total number of participants as of 01/01/20172,235
  • Number of participants with account balances2,086
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested10

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1981 N. Leclere Road
  • CityUSK
  • StateWA
  • Zip99180
  • Telephone(509) 445-1147
  • EIN51-0616105
  • Industry Code813000
  • Named AdministratorMichael Wernz
  • Named Plan SponsorMichael Wernz

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA, LLP
  • Auditor EIN13-5381590
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $12,917,236
Contributions $6,393,945
Cash Contributions $6,393,945
Cash from Employers $2,323,527
Cash from Participants $4,009,399
Others (including rollovers) $61,019
Noncash Contributions $0
Total Earnings on Investments $6,523,291
Total Interest $222,676
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $89,239
Interest from Other Investments $133,437
Total Dividends $2,684,282
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $3,616,333
Other Income $0
Expenses $3,807,368
Total Benefit Payments $3,750,637
Directly to participants or beneficiaries, including direct rollovers $3,750,637
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $895
Interest expense $0
Total Administrative Expenses $55,836
Professional Fees $0
Contract Administrator Fees $55,711
Investment Advisory and management fees $0
Other Administrative Fees $125
Net Income $9,109,868
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $48,204,191 $39,094,323 23.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $2,128,064 $1,705,714 24.76%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $41,585,242 $32,546,305 27.77%
Value of funds held in insurance co. general account $4,490,885 $4,842,304 -7.26%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $48,204,191 $39,094,323 23.30%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other investment fees and expenses Contract Administrator $55,836 $0 $55,836
Ab Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Ab Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Century Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Century Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Artisan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Becker Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Carillon Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dodge & Cox Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pgim Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $55,836 $0 $55,836

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Sagic Core Bond 60478 Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mfs Mid Cap Value Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P 500 Index Fdnorthern Trust Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prudential Jennison Sm Company Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Ab Large Cap Growth Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Ab Global Bond Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Becker Value Equity Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Invesco Small Cap Value Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Artisan Mid Cap Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2020 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2025 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2030 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2035 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2040 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2045 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice 2050 Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Amer Cent One Choice Inret Prtfl Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. American Century Diversified Bd Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Dodge & Cox Int'L Stock Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Pimco Low Duration Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Ab Funds Ab Large Cap Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Ab Funds Ab Global Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2055 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2020 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2025 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2030 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2035 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2040 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2045 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2050 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice 2060 Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century Amer Cent One Choice Inret Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century American Century Diversified Bd Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Artisan Artisan Mid Cap Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Becker Funds Becker Value Equity Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Carillon Funds Carillon Eagle Mid Cap Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dodge & Cox Dodge & Cox Int'L Stock Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Mfs Mid Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pgim Investments Prudential Jennison Sm Company Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Low Duration Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard High Div Yield Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 2,181
EIN 04-1590850
Industry Code 65935
Contract Number MR 60478
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP ANNUITY CONTRACT
Balance at the end of the previous year $4,842,304
Additions $359,525
Contributions Deposited during the year $125,405
Dividends and credits $0
Interest credited during the year $133,436
Transferred from separate account $0
Other $100,684
Total of Balance and Additions $5,201,829
Deductions $710,944
Disbursed from fund to pay benefits or purchase annuities during the year $526,408
Administration charge made by carrier $3,007
Transferred to Separate Account $123,613
Other $57,916
Balance at the end of the current year $4,490,885