Venetian Las Vegas Gaming, LLC 401(k) Review & Grade
Venetian Las Vegas Gaming, LLC 401(k) Plan
Las Vegas, NVAccommodation & Food Services8,479 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$857Employer $ per active participant
$3,812Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$468.7MNet plan assets, end of year
$79,783Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 43th |
| Employee saving | 97th |
| Peers that auto-enroll | 15% |
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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
- Venetian Las Vegas Gaming put in about $857 per active participant, more than the typical peer ($244). 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 | $7,269,497 |
| Participant (employee) contributions | $32,322,596 |
| Other contributions (incl. rollovers in) | $1,995,158 |
| Administrative expenses paid from the plan | $675,775 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $262,679 |
| Benefits paid out | $48,568,528 |
| Net assets, start / end of year | $418.4M / $468.7M |
| Active participants, start / end of year | 8,275 / 8,683 |
| Participants with account balances | 5,875 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $395,971 reported compensation |
| Strategic Advisors, Inc. | $226,258 reported compensation |
| Sageview Advisory Group, LLC | $36,421 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014183911NAL0004732656001, received 2025-10-14, EIN 86-2889081, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.