Fifth Avenue Ice Cream of Nevada, Inc. 401(k) Review & Grade
Fifth Avenue Ice Cream of Nevada, Inc 401(k) Plan
Las Vegas, NVAccommodation & Food Services538 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$46Employer $ per active participant
$178Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$510,982Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.2 / 5014th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 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 | 14th |
| Lower admin cost | 26th |
| Employee saving | 10th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,545 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fifth Avenue Ice Cream of Nevada put in about $46 per active participant, below the typical peer ($266). 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 (0.46% 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.
- 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 | $25,000 |
| Participant (employee) contributions | $95,949 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,977 |
| Benefits paid out | $14,435 |
| Net assets, start / end of year | $349,446 / $510,982 |
| Active participants, start / end of year | 582 / 495 |
| Participants with account balances | 28 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250630122020NAL0006598739001, received 2025-06-30, EIN 22-3228763, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.