Family Entertainment Group, LLC 401(k) Review & Grade
Feg 401(k) Plan
Itasca, ILArts, Entertainment & Recreation594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$551Employer $ per active participant
$1,529Employee $ saved per active participant
1.68%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
$9,199Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 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 | 33th |
| Lower admin cost | 2th |
| Employee saving | 33th |
| 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 ($24 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $90,175 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Family Entertainment Group put in about $551 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 (1.68% 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 | $327,012 |
| Participant (employee) contributions | $908,481 |
| Other contributions (incl. rollovers in) | $718,344 |
| Administrative expenses paid from the plan | $97,081 |
| Contract administrator fees | $93,714 |
| Investment advisory & management fees | $2,667 |
| Other admin expenses | $700 |
| Benefits paid out | $378,357 |
| Net assets, start / end of year | $4.7M / $6.9M |
| Active participants, start / end of year | 578 / 610 |
| Participants with account balances | 745 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Smith & Howard, PC |
Largest service providers (Schedule C)
| M Holdings Securities | $25,265 reported compensation |
| Voya Retirement Insurance & Annuity | $6 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729174918NAL0001831939001, received 2025-07-29, EIN 47-4038225, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.