Casino Vicksburg, LLC 401(k) Review & Grade
Casino Vicksburg, LLC Employees 401(k) Plan
Vicksburg, MSArts, Entertainment & Recreation540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$207Employer $ per active participant
$1,368Employee $ saved per active participant
1.35%Direct admin cost, % of plan assets
$11.7MNet plan assets, end of year
$32,701Average balance per account
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 3th |
| Employee saving | 30th |
| 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
- Casino Vicksburg put in about $207 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.
- Direct plan expenses (1.35% 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 | $111,586 |
| Participant (employee) contributions | $737,889 |
| Other contributions (incl. rollovers in) | $138,317 |
| Administrative expenses paid from the plan | $151,285 |
| Contract administrator fees | $51,954 |
| Investment advisory & management fees | $8,288 |
| Benefits paid out | $982,330 |
| Net assets, start / end of year | $10.7M / $11.7M |
| Active participants, start / end of year | 554 / 525 |
| Participants with account balances | 357 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wegmann Dazet, Apc |
Largest service providers (Schedule C)
| Transamerica Financial Life Ins. Co | $91,043 reported compensation |
| Admin. Group, LLC DBA Tag Resources | $51,954 reported compensation |
| Stifel, Nicolaus & Company, Inc. | $8,288 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015085101NAL0002125459001, received 2025-10-15, EIN 47-5237985, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.