Holdings Acquisition Co., L.P. 401(k) Review & Grade
The Rivers Casino 401k Plan
Pittsburgh, PAArts, Entertainment & Recreation1,474 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,509Employer $ per active participant
$2,810Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$54.5MNet plan assets, end of year
$31,156Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost22.1 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 89th |
| Employee saving | 59th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Holdings Acquisition Co., L.P. put in about $1,509 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,224,140 |
| Participant (employee) contributions | $4,142,533 |
| Other contributions (incl. rollovers in) | $199,038 |
| Administrative expenses paid from the plan | $23,116 |
| Benefits paid out | $4,679,187 |
| Net assets, start / end of year | $46.3M / $54.5M |
| Active participants, start / end of year | 1,418 / 1,530 |
| Participants with account balances | 1,750 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $23,116 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122157NAL0005891522001, received 2025-10-14, EIN 26-3212386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.