Little River Casino Resort 401(k) Review & Grade
Little River Casino Resort 401(k) Plan
Manistee, MIArts, Entertainment & Recreation644 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,087Employer $ per active participant
$1,951Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$18.8MNet plan assets, end of year
$40,852Average balance per account
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 24th |
| Employee saving | 41th |
| 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
- Little River Casino Resort put in about $1,087 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 (0.48% 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 | $700,253 |
| Participant (employee) contributions | $1,256,411 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $86,629 |
| Investment advisory & management fees | $27,392 |
| Benefits paid out | $1,352,276 |
| Net assets, start / end of year | $17.0M / $18.8M |
| Active participants, start / end of year | 640 / 648 |
| Participants with account balances | 459 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hungerford Cpas & Advisors |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $49,237 reported compensation |
| RFS Opco LLC DBA Rockefeller Financ | $23,401 reported compensation |
| Hungerford Cpas & Advisors | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015060945NAL0002011299001, received 2025-10-15, EIN 26-1496703, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.