Plan Ledger DOL Form 5500 · updated monthly

Lago Resort & Casino, LLC401(k)

DEL LAGO RESORT & CASINO 401(K) PLAN · WATERLOO, NY · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Lago Resort & Casino, LLC reported $10,460 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $0 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 1.06% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (5,120th of 5,648), and 1,438th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,043,569
Participants with balances152
Active participants662
Employer contributions$0
Employee contributions$669,411
Employer contribution per active participant$0
Average account balance$13,445
Benefits paid to participants$403,348
Plan auditUnmodified (clean) audit opinion
AuditorDEAN DORTON
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 152 accts
2023$1.6M · 129 accts
2022$859K · 113 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,460
Total administrative$10,460
The Lago Resort & Casino, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Lago Resort & Casino, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$10,360

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$10,460 · 0.58%
2023$10,791 · 0.90%
2022$8,791 · 1.06%
Same employer
Similar plansAccommodation & Food Services · New York
Creative Foods Corp. NY$2.1M · 0.02%
Tacombi Holding NA LLC NY$2.1M · 1.24%
Big Red Shoes, LLC NY$1.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471137623 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.