Lucky Chances, Inc. 401(k) Review & Grade
Lucky Employee 401(k) Retirement Plan
Colma, CAArts, Entertainment & Recreation532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$142Employer $ per active participant
$3,579Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$26.3MNet plan assets, end of year
$93,274Average balance per account
Score breakdown
- Employer generosity4.0 / 508th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 37th |
| Employee saving | 74th |
| 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
- Lucky Chances put in about $142 per active participant, below the typical peer ($995). 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.
- 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 | $75,295 |
| Participant (employee) contributions | $1,904,206 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $82,902 |
| Investment advisory & management fees | $47,448 |
| Benefits paid out | $2,777,966 |
| Net assets, start / end of year | $23.3M / $26.3M |
| Active participants, start / end of year | 521 / 543 |
| Participants with account balances | 282 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Chugh Cpas LLP CPA |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $43,215 reported compensation |
| Fidelity Investments Institutional | $35,454 reported compensation |
| Cambridge Investment Research | $4,233 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013183413NAL0002594192001, received 2025-10-13, EIN 94-3199406, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.