Plan Ledger DOL Form 5500 · updated monthly

Drive Shack Inc.401(k)

DRIVE SHACK AND AMERICAN GOLF 401(K) RETIREMENT SAVINGS PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

Drive Shack Inc. reported $108,149 in plan administrative expenses for 2023: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,243 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 0.26% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 1,372nd-largest of 5,688 plans among Texas employers on file, and the 279th of 1,311 in arts, entertainment & recreation. In 2023, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,076,066
Participants with balances834
Active participants398
Employer contributions$892,698
Employee contributions$1,738,657
Employer contribution per active participant$2,243
Average account balance$42,058
Benefits paid to participants$4,285,999
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$35.1M · 834 accts · $893K emplr
2022$31.8M · 836 accts · $925K emplr
The Drive Shack Inc. 401(k) match · 2023
Employer contribution per active participant$2,243
Median for plans this size$2,440
2023$2,243 per active participant
2022$299 per active participant

Drive Shack Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$108,149 · 0.32%
2022$89,283 · 0.26%
Same employer
Similar plansArts, Entertainment & Recreation · Texas
Rangers Baseball, LLC TX$49.5M · 0.54%
Cgpm/Wmc Operating, LLC TX$33.8M · 0.40%
Houston Zoo, Inc. TX$28.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810559116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.