Speedway Motorsports, LLC 401(k) Review & Grade
Speedway Motorsports, LLC 401 (K) Plan
Charlotte, NCArts, Entertainment & Recreation766 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,648Employer $ per active participant
$5,873Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$103.4MNet plan assets, end of year
$92,303Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 55th |
| Employee saving | 90th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $322,357 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Speedway Motorsports put in about $1,648 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.
- 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 | $1,263,087 |
| Participant (employee) contributions | $4,501,608 |
| Other contributions (incl. rollovers in) | $676,432 |
| Administrative expenses paid from the plan | $186,999 |
| Investment advisory & management fees | $109,344 |
| Benefits paid out | $3,382,284 |
| Net assets, start / end of year | $87.2M / $103.4M |
| Active participants, start / end of year | 796 / 737 |
| Participants with account balances | 1,120 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Bank of America | $109,344 reported compensation |
| Transamerica Retirement Solutions | $77,655 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909063042NAL0012721795001, received 2025-09-09, EIN 51-0363307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.