Plan Ledger DOL Form 5500 · updated monthly

Ac Ocean Walk LLC401(k)

OCEAN CASINO-RESORT 401(K) PLAN · ATLANTIC CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.80%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Ac Ocean Walk LLC reported $233,202 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $872 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.07% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 761st-largest of 2,419 plans among New Jersey employers on file, and the 286th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,020,204
Participants with balances2,061
Active participants2,187
Employer contributions$1,907,057
Employee contributions$6,848,102
Employer contribution per active participant$872
Average account balance$16,507
Benefits paid to participants$4,127,243
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.0M · 2,061 accts · $1.9M emplr
2023$24.3M · 2,184 accts
2022$16.0M · 2,106 accts · $6K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,833
Investment management$38,252
Audit (IQPA)$21,117
Total administrative$233,202
The Ac Ocean Walk LLC 401(k) match · 2024
Employer contribution per active participant$872
Median for plans this size$2,416
2024$872 per active participant
2022$3 per active participant

Ac Ocean Walk LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$173,833
MMA SECURITIES LLC · Consulting · Investment advisory (plan)$38,252
TORRILLO & ASSOCIATES, LLC · Accounting / audit$21,117

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$233,202 · 0.80%
2023$164,169 · 0.82%
2022$160,103 · 1.07%
Same employer
Similar plansArts, Entertainment & Recreation · New Jersey
Betmgm, LLC NJ$38.5M · 0.33%
New Jersey Devils, LLC NJ$36.2M · 0.25%
Wnba LLC NJ$35.6M · 0.09%
Wnba, LLC NJ$31.0M · 0.05%
Liberty Science Center NJ$27.6M · 0.01%
Philadelphia 76ERS, L.P. NJ$26.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822361693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.