Foley Entertainment Group LLC 401(k) Review & Grade
Foley Entertainment Group LLC 401(k) Plan
Las Vegas, NVArts, Entertainment & Recreation642 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,307Employer $ per active participant
$3,845Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
$20,733Average balance per account
Score breakdown
- Employer generosity31.0 / 5062th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 16th |
| Employee saving | 78th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $139,496 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Foley Entertainment Group put in about $1,307 per active participant, more than the typical peer ($995). 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 (0.62% 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.
- 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 | $838,233 |
| Participant (employee) contributions | $2,466,304 |
| Other contributions (incl. rollovers in) | $239,364 |
| Administrative expenses paid from the plan | $79,893 |
| Investment advisory & management fees | $24,886 |
| Benefits paid out | $668,491 |
| Net assets, start / end of year | $10.7M / $15.0M |
| Active participants, start / end of year | 534 / 749 |
| Participants with account balances | 722 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubin Brown |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,007 reported compensation |
| RBC Capital Markets, LLC | $24,529 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917181109NAL0000869968001, received 2025-09-17, EIN 87-1915174, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.