Elite Casino Resorts, LLC 401(k) Review & Grade
Elite Casino Resorts 401(k) Plan
Riverside, IAAccommodation & Food Services2,006 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$297Employer $ per active participant
$1,211Employee $ saved per active participant
0.91%Direct admin cost, % of plan assets
$25.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 8th |
| Employee saving | 68th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($36,262 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $92,887 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elite Casino Resorts put in about $297 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 (0.91% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $595,936 |
| Participant (employee) contributions | $2,428,684 |
| Other contributions (incl. rollovers in) | $545,779 |
| Administrative expenses paid from the plan | $217,596 |
| Contract administrator fees | $152,806 |
| Investment advisory & management fees | $64,790 |
| Benefits paid out | $3,239,032 |
| Net assets, start / end of year | $22.5M / $25.4M |
| Active participants, start / end of year | 1,929 / 2,082 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $157,081 reported compensation |
| Wells Fargo Advisors | $34,779 reported compensation |
| Global Retirement Partne | $26,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001114718NAL0013175121001, received 2025-10-01, EIN 47-3722526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.