Rivers Portsmouth Gaming, LLC 401(k) Review & Grade
Rivers Casino Portsmouth 401(k) Plan
Portsmouth, VAArts, Entertainment & Recreation1,106 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,185Employer $ per active participant
$1,825Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$5.3MNet plan assets, end of year
$5,845Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 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 | 56th |
| Lower admin cost | 22th |
| Employee saving | 38th |
| 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
- Rivers Portsmouth Gaming put in about $1,185 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 (0.52% 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 | $1,310,424 |
| Participant (employee) contributions | $2,018,864 |
| Other contributions (incl. rollovers in) | $150,155 |
| Administrative expenses paid from the plan | $20,048 |
| Benefits paid out | $1,002,358 |
| Net assets, start / end of year | $2.4M / $5.3M |
| Active participants, start / end of year | 1,079 / 1,133 |
| Participants with account balances | 904 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $20,048 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142132NAL0005116481001, received 2025-10-15, EIN 84-4976743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.