Plan Ledger DOL Form 5500 · updated monthly

Danville Development401(k)

GOLDEN NUGGET DANVILLE 401(K) PLAN · DANVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
3.66%

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

Danville Development reported $16,238 in plan administrative expenses for 2024: 3.66% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,539 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 1 year on file its reported administrative ratio rose from 0.47% to 3.66%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Illinois (3,537th of 3,702), and 1,255th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$645,859
Participants with balances215
Active participants186
Employer contributions$286,194
Employee contributions$372,416
Employer contribution per active participant$1,539
Average account balance$3,004
Benefits paid to participants$288,623
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$646K · 215 accts · $286K emplr
2023$242K · 222 accts · $108K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,238
Total administrative$16,238
The Danville Development 401(k) match · 2024
Employer contribution per active participant$1,539
Median for plans this size$540
2024$1,539 per active participant
2023$567 per active participant

Danville Development's 2024 employer contribution ran above the $540 median for plans its size, placing it in the top 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$16,245

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$16,238 · 3.66%
2023$1,138 · 0.47%
Similar plansArts, Entertainment & Recreation · Illinois
The Joffrey Ballet IL$6.4M · 0.57%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 845064163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.