Fanduel Group, Inc. 401(k) Review & Grade
401(k) Plan for Employees of Fanduel Group, Inc. and Subsidiaries
New York, NYManagement of Companies3,059 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,628Employer $ per active participant
$7,747Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$157.7MNet plan assets, end of year
$58,808Average balance per account
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 36th |
| Employee saving | 64th |
| Peers that auto-enroll | 58% |
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 ($12,470,605 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,888 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fanduel Group put in about $4,628 per active participant, more than the typical peer ($3,455). 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 (0.19% 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 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 | $14,157,053 |
| Participant (employee) contributions | $23,699,345 |
| Other contributions (incl. rollovers in) | $6,027,865 |
| Administrative expenses paid from the plan | $252,127 |
| Investment advisory & management fees | $69,404 |
| Benefits paid out | $7,660,418 |
| Net assets, start / end of year | $104.2M / $157.7M |
| Active participants, start / end of year | 2,961 / 3,157 |
| Participants with account balances | 2,682 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carbon & Bletzer, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $171,140 reported compensation |
| Sageview Advisory Group, LLC | $69,404 reported compensation |
| Tawney, Pplc | $11,583 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730074431NAL0007611426001, received 2025-07-30, EIN 83-0606053, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.