Plan Ledger DOL Form 5500 · updated monthly

Elite Casino Resorts, LLC401(k)

ELITE CASINO RESORTS 401(K) PLAN · RIVERSIDE, IA · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Elite Casino Resorts, LLC reported $217,596 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $286 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 rose from 0.60% to 0.91%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 344th-largest of 878 plans among Iowa employers on file, and the 244th of 2,240 in accommodation & food services. In 2024, employees put in $4.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,360,691
Participants with balances776
Active participants2,082
Employer contributions$595,936
Employee contributions$2,428,684
Employer contribution per active participant$286
Average account balance$32,681
Benefits paid to participants$3,239,032
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 776 accts · $596K emplr
2023$22.5M · 748 accts · $605K emplr
2022$18.3M · 642 accts · $498K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,806
Investment management$64,790
Total administrative$217,596
The Elite Casino Resorts, LLC 401(k) match · 2024
Employer contribution per active participant$286
Median for plans this size$2,416
2024$286 per active participant
2023$294 per active participant
2022$250 per active participant

Elite Casino Resorts, 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$157,081
WELLS FARGO ADVISORS · Investment advisory (plan)$34,779
GLOBAL RETIREMENT PARTNE · Contract administrator · Investment advisory (plan)$26,299
LPL FINANCIAL LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$217,596 · 0.91%
2023$139,281 · 0.68%
2022$117,401 · 0.60%
Same employer
Similar plansAccommodation & Food Services · Iowa
Ssp America, Inc. VA$26.1M · 0.46%
Noodles & Company CO$25.5M · 0.60%
Hospitality Staffing II LLC IL$25.1M · 0.34%
Stonewall Kitchen ME$25.1M · 0.41%
Cooper Realty Company TN$24.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473722526 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.