Retirement plan

OCEAN RESORT CASINO 401(K) PLAN

Name: AC OCEAN WALK LLC - OCEAN RESORT CASINO 401(K) PLAN (2019) Form 5500
Creator: AC OCEAN WALK LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN RESORT CASINO 401(K) PLAN, AC OCEAN WALK LLC

AC OCEAN WALK LLCEIN 82-2361693Plan #001PY 2019

500 BOARDWALK - ATLANTIC CITY, NJ 08401609-783-8381

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.9M

+287.3% from 2018

Total participants

2,773

-16.8% from 2018

Average account balance

$2,636

+274.1% from 2018

Annual return

97.19%

+97.19 pp from 2018

Benchmarks

See 141 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort141 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.02M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

2,061

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+21.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$121,834
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES, LLC Service code 27 · EIN 22-3570392	Advisory (Plan)	$5,360
THE CENTURION GROUP, LLC1 year Filed as: CENTURION GROUP, LLC Service code 27 · EIN 20-8394397	Advisory (Plan)	$2,840

Plan features & details

Pension benefit codes2F2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$130K

$50 / participant

Other / not subdivided$130K100.0%

% of EOY assets

2.192%

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: TORRILLO & ASSOCIATES
Auditor EIN: 870414789
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,636

$53,911-95.1%

$130,660-98.0%

$77,775-96.6%

Participation rate

80.1%

60.2%+19.9pp

71.7%+8.3pp

73.2%+6.9pp

Annual return

97.19%

21.93%+75.3pp

1709.29%-1612.1pp

32.58%+64.6pp

Employer contribution / active EE

$1,826-100.0%

$4,092-100.0%

$2,504-100.0%

Participant deferral / active EE

$1,408

$2,288-38.4%

$3,603-60.9%

$3,966-64.5%

Admin fee / account holder

$58

$129-55.1%

$5,463-98.9%

$100-42.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$121,834

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES, LLC

Service code 27 · EIN 22-3570392

Advisory (Plan)

$5,360

THE CENTURION GROUP, LLC1 year

Filed as: CENTURION GROUP, LLC

Service code 27 · EIN 20-8394397

Advisory (Plan)

$2,840

OCEAN RESORT CASINO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN RESORT CASINO 401(K) 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