DK Crown Holdings, Inc. 401(k) Review & Grade
Draftkings 401(k) Plan
Boston, MAArts, Entertainment & Recreation3,235 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,952Employer $ per active participant
$8,968Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$189.0MNet plan assets, end of year
$54,012Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 29th |
| Employee saving | 97th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Corrective distributions: the plan refunded $411 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- DK Crown Holdings put in about $2,952 per active participant, more than the typical peer ($1,107). 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 (0.24% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $9,549,677 |
| Participant (employee) contributions | $29,010,078 |
| Other contributions (incl. rollovers in) | $4,558,469 |
| Administrative expenses paid from the plan | $392,753 |
| Contract administrator fees | $392,753 |
| Benefits paid out | $9,394,311 |
| Net assets, start / end of year | $133.8M / $189.0M |
| Active participants, start / end of year | 3,067 / 3,403 |
| Participants with account balances | 3,500 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stowe & Degon LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $392,753 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015130153NAL0004919489001, received 2025-10-15, EIN 46-3584674, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.