Plan Ledger DOL Form 5500 · updated monthly

Gaughan South LLC dba South Point Hotel and Casino401(k)

SOUTH POINT HOTEL AND CASINO 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Gaughan South LLC dba South Point Hotel and Casino reported $267,544 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $1,409 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 3 years on file its reported administrative ratio has held roughly steady near 0.220%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 25th-largest of 437 plans among Nevada employers on file, and the 69th of 2,240 in accommodation & food services. In 2024, employees put in $2.51 for every $1.00 the employer contributed; active participation has grown from 2,832 to 3,159 since 2022.

Plan summary
Net assets, end of year$131,380,671
Participants with balances3,308
Active participants3,159
Employer contributions$4,450,665
Employee contributions$11,188,849
Employer contribution per active participant$1,409
Average account balance$39,716
Benefits paid to participants$9,789,241
Plan auditUnmodified (clean) audit opinion
AuditorCONWAY , STUART, & WOODBURY
Plan history3
Yearassets · accounts · employer contribution
2024$131.4M · 3,308 accts · $4.5M emplr
2023$111.3M · 3,135 accts · $3.7M emplr
2022$91.6M · 2,998 accts · $3.2M emplr
The Gaughan South LLC dba South Point Hotel and Casino 401(k) match · 2024
Employer contribution per active participant$1,409
Median for plans this size$3,635
2024$1,409 per active participant
2023$1,272 per active participant
2022$1,133 per active participant

Gaughan South LLC dba South Point Hotel and Casino's 2024 employer contribution ran below the $3,635 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$293,344

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$267,544 · 0.22%
2023$242,518 · 0.24%
2022$216,863 · 0.22%
Same employer
Similar plansAccommodation & Food Services · Nevada
Boyd Gaming Corporation NV$537.1M · 0.12%
Station Casinos LLC NV$313.2M · 0.23%
Las Vegas Sands Corp. NV$117.9M · 0.11%
Peppermill Casinos, Inc. NV$84.7M · 0.27%
Nevada Property 1 LLC NV$82.3M · 0.27%
Golden Entertainment, Inc. NV$59.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352275044 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.