Plan Ledger DOL Form 5500 · updated monthly

Smgha Nevada, LLC401(k)

PALMS 401(K) SAVINGS PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Smgha Nevada, LLC reported $31,917 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $566 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 0.11% to 0.39%. 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 the 201st-largest of 437 plans among Nevada employers on file, and the 550th of 2,240 in accommodation & food services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 1,793 to 2,073 since 2022.

Plan summary
Net assets, end of year$10,085,371
Participants with balances1,314
Active participants2,073
Employer contributions$1,173,604
Employee contributions$2,287,033
Employer contribution per active participant$566
Average account balance$7,675
Benefits paid to participants$957,326
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 1,314 accts · $1.2M emplr
2023$6.2M · 812 accts · $566K emplr
2022$2.7M · 270 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,917
Total administrative$31,917
The Smgha Nevada, LLC 401(k) match · 2024
Employer contribution per active participant$566
Median for plans this size$1,313
2024$566 per active participant
2023$287 per active participant

Smgha Nevada, 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$31,917
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$31,917 · 0.39%
2023$18,702 · 0.42%
2022$3,117 · 0.11%
Same employer
Similar plansAccommodation & Food Services · Nevada
Jc Hospitality LLC NV$22.4M · 0.16%
Silverton Casino, LLC NV$18.3M · 0.99%
Mesquite Gaming, LLC NV$10.4M · 0.75%
Marnell Gaming LLC NV$7.5M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871815815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.