Topgolf International, Inc. 401(k) Review & Grade
Topgolf 401(k) Plan
Dallas, TXArts, Entertainment & Recreation26,821 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$301Employer $ per active participant
$595Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$126.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.6 / 5015th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 44th |
| Employee saving | 9th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,239 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Topgolf International put in about $301 per active participant, below the typical peer ($2,229). 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 | $8,061,010 |
| Participant (employee) contributions | $15,948,398 |
| Other contributions (incl. rollovers in) | $2,371,989 |
| Administrative expenses paid from the plan | $112,924 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $57,443 |
| Benefits paid out | $11,836,494 |
| Net assets, start / end of year | $96.6M / $126.3M |
| Active participants, start / end of year | 13,197 / 40,445 |
| Participants with account balances | 4,047 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,481 reported compensation |
| Sageview Advisory Group | $42,600 reported compensation |
| Strategic Advisors, Inc. | $14,843 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260114113546NAL0006336259001, received 2026-01-14, EIN 27-3932297, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.