Plan Ledger DOL Form 5500 · updated monthly

Park Place Operations, Inc.401(k)

PARK PLACE OPERATIONS, INC. 401(K) PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Park Place Operations, Inc. reported $83,522 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $254 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 0.536%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,512th-largest of 3,295 plans among Ohio employers on file, and the 1,204th of 3,341 in other services. In 2024, employees put in $3.88 for every $1.00 the employer contributed; active participation has grown from 727 to 1,006 since 2022.

Plan summary
Net assets, end of year$16,644,040
Participants with balances250
Active participants1,006
Employer contributions$255,366
Employee contributions$991,200
Employer contribution per active participant$254
Average account balance$66,576
Benefits paid to participants$1,292,843
Plan auditUnmodified (clean) audit opinion
AuditorBARNES, DENNIG & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 250 accts · $255K emplr
2023$14.5M · 228 accts · $235K emplr
2022$11.6M · 197 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,027
Investment management$31,995
Audit (IQPA)$11,500
Total administrative$83,522
The Park Place Operations, Inc. 401(k) match · 2024
Employer contribution per active participant$254
Median for plans this size$2,416
2024$254 per active participant
2023$285 per active participant
2022$208 per active participant

Park Place Operations, Inc.'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$40,027
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$31,995
BARNES, DENNIG & CO., LTD · Accounting / audit$11,500

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$83,522 · 0.54%
2023$72,318 · 0.55%
2022$68,550 · 0.54%
Same employer
Similar plansOther Services · Ohio
Crane 1 Services, Inc. OH$19.0M · 0.75%
The Way International OH$16.4M · 0.11%
Csa Service Solutions, LLC OH$15.1M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581202840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.