Enterprise Development Authority DBA Hard Rock Hotel & Casino Sacramen 401(k) Review & Grade
Hard Rock Sacramento Retirement Plan
Wheatland, CAArts, Entertainment & Recreation1,021 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$766Employer $ per active participant
$3,761Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$19.2MNet plan assets, end of year
$10,307Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 36th |
| Employee saving | 76th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($179,244 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Enterprise Development Authority DBA Hard Rock Hotel & Casino Sacramen put in about $766 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 (0.35% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $782,092 |
| Participant (employee) contributions | $3,840,283 |
| Other contributions (incl. rollovers in) | $138,182 |
| Administrative expenses paid from the plan | $58,920 |
| Investment advisory & management fees | $4,754 |
| Benefits paid out | $2,477,413 |
| Net assets, start / end of year | $14.9M / $19.2M |
| Active participants, start / end of year | 999 / 1,043 |
| Participants with account balances | 1,860 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bluebird Cpas |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $54,166 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724122133NAL0011421378002, received 2025-07-24, EIN 36-4878288, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.