The Queen Casino & Entertainment Inc. 401(k) Review & Grade
The Queen Casino & Entertainment Inc. 401(k) Plan
East Saint Louis, ILManagement of Companies940 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$412Employer $ per active participant
$1,838Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$29.4MNet plan assets, end of year
$51,522Average balance per account
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 36th |
| Employee saving | 12th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $89 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Queen Casino & Entertainment put in about $412 per active participant, below the typical peer ($2,492). 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 | $386,854 |
| Participant (employee) contributions | $1,728,120 |
| Other contributions (incl. rollovers in) | $16,946 |
| Administrative expenses paid from the plan | $96,802 |
| Investment advisory & management fees | $28,296 |
| Benefits paid out | $4,245,183 |
| Net assets, start / end of year | $28.1M / $29.4M |
| Active participants, start / end of year | 977 / 903 |
| Participants with account balances | 570 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anders Minkler Huber & Helm LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $68,506 reported compensation |
| Global Retirement Partners LLC | $19,252 reported compensation |
| Wellth Advisory Services LLC | $6,059 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160831NAL0002605827001, received 2025-10-15, EIN 80-0868706, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.