Retirement plan

GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN

Name: GOLDEN ENTERTAINMENT, INC. - GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN (2021) 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 2021

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

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$63.2M

+5.4% from 2020

Total participants

4,593

-12.1% from 2020

Average account balance

$27,589

+19.8% from 2020

Annual return

9.86%

-2.89 pp from 2020

Benchmarks

See 247 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort247 peers

Snapshot2021

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$292,831
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 26 · EIN 13-2638166	Advisory (Participants)	$57,234
HOLTHOUSE CARLIN & VAN TRIGT LLP2 years Filed as: HOLTHOUSE CARLIN & VANTRIGT LLP Service code 10 · EIN 95-4345526	Accounting	$25,317
MCGRATH NORTH1 year Filed as: MCGRATH NORTH MULLIN & KRATZ, PC LL Service code 29 · EIN 47-0551221	Legal	$6,207

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$426K

$103 / participant

Other / not subdivided$426K100.0%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,589

$36,939-25.3%

$80,741-65.8%

$93,010-70.3%

Participation rate

44.1%

32.6%+11.5pp

54.2%-10.1pp

73.9%-29.8pp

Annual return

9.86%

17.55%-7.7pp

87.30%-77.4pp

158.70%-148.8pp

Employer contribution / active EE

$128

$455-71.9%

$1,160-89.0%

$2,705-95.3%

Participant deferral / active EE

$1,194

$1,044+14.4%

$2,145-44.3%

$4,561-73.8%

Admin fee / account holder

$186

$162+15.1%

$3,380-94.5%

$152+22.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$292,831

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 26 · EIN 13-2638166

Advisory (Participants)

$57,234

HOLTHOUSE CARLIN & VAN TRIGT LLP2 years

Filed as: HOLTHOUSE CARLIN & VANTRIGT LLP

Service code 10 · EIN 95-4345526

Accounting

$25,317

MCGRATH NORTH1 year

Filed as: MCGRATH NORTH MULLIN & KRATZ, PC LL

Service code 29 · EIN 47-0551221

Legal

$6,207

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