Retirement plan

GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN

Name: GOLDEN ENTERTAINMENT, INC. - GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN (2019) Form 5500
Creator: GOLDEN ENTERTAINMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN, GOLDEN ENTERTAINMENT, INC.

GOLDEN ENTERTAINMENT, INC.EIN 41-1913991Plan #002PY 2019

6595 S JONES BOULEVARD - LAS VEGAS, NV 89118702-380-7621

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$58.5M

+31.8% from 2018

Total participants

2,919

-9.0% from 2018

Average account balance

$20,057

+44.9% from 2018

Annual return

36.13%

+13.80 pp from 2018

Benchmarks

See 284 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort284 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$59.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$19K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,074

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

64.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$93

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 13 · EIN 06-1050034	Contract Administrator	$291,785
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES INC. IS BILL Service code 27 · EIN 13-2638166	Advisory (Plan)	$36,411
HOLTHOUSE CARLIN & VAN TRIGT LLP1 year Filed as: HOLTHOUSE, CARLIN & VAN TRIGT, LLP Service code 49 · EIN 95-4345526	Other Services	$20,588

Plan features & details

Pension benefit codes2E2G2J2K3D3H2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$359K

$141 / participant

Other / not subdivided$359K100.0%

% of EOY assets

0.614%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOLTHOUSE CARLIN & VANTRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,057

$26,479-24.3%

$74,723-73.2%

$77,775-74.2%

Participation rate

100.0%

37.6%+62.4pp

54.5%+45.5pp

73.2%+26.8pp

Annual return

36.13%

38.31%-2.2pp

753.18%-717.0pp

32.58%+3.6pp

Employer contribution / active EE

$13

$440-97.1%

$1,084-98.8%

$2,504-99.5%

Participant deferral / active EE

$2,247

$1,074+109.1%

$1,962+14.5%

$3,966-43.3%

Admin fee / account holder

$123

$119+3.5%

$3,335-96.3%

$100+23.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$291,785

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES INC. IS BILL

Service code 27 · EIN 13-2638166

Advisory (Plan)

$36,411

HOLTHOUSE CARLIN & VAN TRIGT LLP1 year

Filed as: HOLTHOUSE, CARLIN & VAN TRIGT, LLP

Service code 49 · EIN 95-4345526

Other Services

$20,588

GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion