Big Night Entertainment Group, Inc. 401(k) Review & Grade
Bneg, Inc. 401(k) Plan
Mashantucket, CTAccommodation & Food Services616 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$361Employer $ per active participant
$925Employee $ saved per active participant
1.86%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost0.4 / 251th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 1th |
| Employee saving | 56th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $113,480 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Big Night Entertainment Group put in about $361 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (1.86% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $222,394 |
| Participant (employee) contributions | $569,624 |
| Other contributions (incl. rollovers in) | $62,562 |
| Administrative expenses paid from the plan | $82,205 |
| Investment advisory & management fees | $68,455 |
| Benefits paid out | $150,937 |
| Net assets, start / end of year | $3.9M / $4.9M |
| Active participants, start / end of year | 619 / 612 |
| Participants with account balances | 139 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Campbell, Devasto & Associates, CPA |
Largest service providers (Schedule C)
| First Republic | $23,816 reported compensation |
| J P. Morgan Securities LLC | $19,581 reported compensation |
| John Hancock Life Insurance Company | $1,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150636NAL0000743235001, received 2025-10-13, EIN 20-5921872, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.