Light & Wonder, Inc. 401(k) Review & Grade
Light & Wonder, Inc. 401k Plan
Las Vegas, NVArts, Entertainment & Recreation2,756 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,559Employer $ per active participant
$9,595Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$501.1MNet plan assets, end of year
$126,452Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 64th |
| Employee saving | 100th |
| Peers that auto-enroll | 43% |
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
Corrective distributions: the plan refunded $5,802 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Light & Wonder put in about $3,559 per active participant, more than the typical peer ($1,107). 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.
- 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 | $9,807,788 |
| Participant (employee) contributions | $26,443,264 |
| Other contributions (incl. rollovers in) | $4,231,759 |
| Administrative expenses paid from the plan | $381,100 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $180,479 |
| Benefits paid out | $41,738,540 |
| Net assets, start / end of year | $438.7M / $501.1M |
| Active participants, start / end of year | 2,654 / 2,858 |
| Participants with account balances | 3,963 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $160,486 reported compensation |
| Strategic Advisors, Inc. | $140,908 reported compensation |
| Deloitte & Touche LLP | $42,745 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250711094355NAL0006188977001, received 2025-07-11, EIN 81-0422894, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.