Bowtie Hospitality LV LLC 401(k) Review & Grade
Fontainebleau Las Vegas 401(k) Plan · d/b/a Fontainebleau Las Vegas
Las Vegas, NVArts, Entertainment & Recreation4,048 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$441Employer $ per active participant
$1,452Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$18.2MNet plan assets, end of year
$3,756Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 13th |
| Employee saving | 26th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,501 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bowtie Hospitality LV put in about $441 per active participant, below the typical peer ($1,107). 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.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.12%). 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 | $1,786,028 |
| Participant (employee) contributions | $5,878,438 |
| Other contributions (incl. rollovers in) | $2,929,120 |
| Administrative expenses paid from the plan | $88,775 |
| Investment advisory & management fees | $22,570 |
| Other admin expenses | $3,175 |
| Benefits paid out | $1,276,402 |
| Net assets, start / end of year | $0 / $18.2M |
| Active participants, start / end of year | 1,999 / 6,097 |
| Participants with account balances | 4,840 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $66,205 reported compensation |
| Mma Securities | $16,530 reported compensation |
| Strategic Advisors, Inc. | $6,040 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015213507NAL0011317586001, received 2025-10-15, EIN 87-1272306, plan #001, plan year 2024-02-15 to 2024-12-31. Verify at efast.dol.gov.