Retirement plan

GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN

Name: GOLDEN ENTERTAINMENT, INC. - GOLDEN ENTERTAINMENT, INC. 401(K) SAVINGS PLAN (2023) 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 2023

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

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$59.7M

+9.2% from 2022

Total participants

3,961

-17.6% from 2022

Average account balance

$21,751

-8.1% from 2022

Annual return

10.13%

+23.70 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2023

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Service code 13 · EIN 06-1050034	Contract Administrator	$261,040
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$49,694
EIDE BAILLY LLP2 years Service code 10 · EIN 45-0250958	Accounting	$11,500

Plan features & details

Pension benefit codes2E2G2J2K2S3H2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$327K

$95 / participant

Investment mgmt$50K15.2%
Legal$2K0.6%
Contract admin$261K79.8%
Other / not subdivided$14K4.4%

% of EOY assets

0.547%

all-in expense ratio

Categories reported

3 / 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: $11,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,751

$30,147-27.9%

$58,507-62.8%

$80,169-72.9%

Participation rate

64.7%

34.4%+30.3pp

50.9%+13.8pp

72.9%-8.2pp

Annual return

10.13%

21.97%-11.8pp

4252.32%-4242.2pp

40.39%-30.3pp

Employer contribution / active EE

$136

$528-74.2%

$1,053-87.1%

$2,978-95.4%

Participant deferral / active EE

$1,662

$1,249+33.0%

$1,922-13.6%

$5,016-66.9%

Admin fee / account holder

$119

$195-38.8%

$2,486-95.2%

$145-17.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$261,040

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$49,694

EIDE BAILLY LLP2 years

Service code 10 · EIN 45-0250958

Accounting

$11,500

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