American Racing & Entertainment, LLC 401(k) Review & Grade
American Racing & Entertainment, LLC 401(k) Plan
Nichols, NYArts, Entertainment & Recreation673 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$741Employer $ per active participant
$1,505Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$13.4MNet plan assets, end of year
$39,592Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost13.4 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 53th |
| Employee saving | 32th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- American Racing & Entertainment put in about $741 per active participant, below the typical peer ($995). 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.
- 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 | $498,364 |
| Participant (employee) contributions | $1,012,633 |
| Other contributions (incl. rollovers in) | $659,370 |
| Administrative expenses paid from the plan | $26,736 |
| Contract administrator fees | $23,899 |
| Investment advisory & management fees | $2,837 |
| Benefits paid out | $2,440,420 |
| Net assets, start / end of year | $12.6M / $13.4M |
| Active participants, start / end of year | 624 / 722 |
| Participants with account balances | 339 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $23,899 reported compensation |
| Capital Group Retirement Plan Svcs | $2,837 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014202143NAL0003585793001, received 2025-10-14, EIN 20-3549507, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.