Retirement plan

THE MGM RESORTS 401(K) SAVINGS PLAN

Name: MGM RESORTS INTERNATIONAL - THE MGM RESORTS 401(K) SAVINGS PLAN (2020) Form 5500
Creator: MGM RESORTS INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MGM RESORTS 401(K) SAVINGS PLAN, MGM RESORTS INTERNATIONAL

MGM RESORTS INTERNATIONALEIN 88-0215232Plan #002PY 2020

980 KELLY JOHNSON, DR., SUITE 100 - LAS VEGAS, NV 89119702-692-1700mgmresorts.comLinkedIn10001+ employeeshospitality

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 25, 2001 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1935.2M

+0.1% from 2019

Total participants

36,967

-21.2% from 2019

Average account balance

$72,677

+16.5% from 2019

Annual return

13.83%

-7.45 pp from 2019

Benchmarks

See 1,039 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,039 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24B

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

28,535

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.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$169.25M

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Service code 13 · EIN 06-1050034	Contract Administrator	$1,647,785
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 51 · EIN 22-1211670	Investment Mgmt Fees	$930,239
UBS FINANCIAL SERVICES INC6+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 16 · EIN 13-2638166	Consulting	$437,156
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Filed as: PRUDENTIAL TRUST CO. Service code 51 · EIN 23-6994310	Investment Mgmt Fees	$380,550
ROBERTS & HOLLAND6+ years Service code 29 · EIN 13-1833405	Legal	$164,401
AUDIT AND TAX SOLUTIONS1 year Filed as: AUDIT & TAX SOLUTIONS CPA'S INC Service code 10 · EIN 94-3211753	Accounting	$37,250
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 63 · EIN 13-4122960	12b-1 Fees	$207

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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.
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

$2.3M

$77 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.121%

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: AUDIT AND TAX SOLUTIONS, CPAS, INC.
Auditor EIN: 943211753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,677

$106,273-31.6%

$134,162-45.8%

$106,273-31.6%

Participation rate

65.8%

70.8%-5.0pp

72.2%-6.4pp

70.8%-5.0pp

Annual return

13.83%

21.70%-7.9pp

36.35%-22.5pp

21.70%-7.9pp

Employer contribution / active EE

$570

$2,722-79.1%

$3,705-84.6%

$2,722-79.1%

Participant deferral / active EE

$2,647

$4,601-42.5%

$3,500-24.4%

$4,601-42.5%

Admin fee / account holder

$88

$78+12.0%

$6,685-98.7%

$78+12.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$1,647,785

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 51 · EIN 22-1211670

Investment Mgmt Fees

$930,239

UBS FINANCIAL SERVICES INC6+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 16 · EIN 13-2638166

Consulting

$437,156

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Filed as: PRUDENTIAL TRUST CO.

Service code 51 · EIN 23-6994310

Investment Mgmt Fees

$380,550

ROBERTS & HOLLAND6+ years

Service code 29 · EIN 13-1833405

Legal

$164,401

AUDIT AND TAX SOLUTIONS1 year

Filed as: AUDIT & TAX SOLUTIONS CPA'S INC

Service code 10 · EIN 94-3211753

Accounting

$37,250

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 63 · EIN 13-4122960

12b-1 Fees

$207

THE MGM RESORTS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MGM RESORTS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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