Retirement plan

THE MGM RESORTS 401(K) SAVINGS PLAN

Name: MGM RESORTS INTERNATIONAL - THE MGM RESORTS 401(K) SAVINGS PLAN (2023) 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 2023

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)

$2011.2M

+14.9% from 2022

Total participants

43,773

+26.3% from 2022

Average account balance

$70,731

+10.5% from 2022

Annual return

16.12%

+32.27 pp from 2022

Benchmarks

See 1,196 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,196 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$1,556,864
UBS FINANCIAL SERVICES INC9+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 16 · EIN 13-2638166	Consulting	$350,000
ROBERTS & HOLLAND1 year Filed as: ROBERTS & HOLLAND LLP Service code 29 · EIN 13-1833405 825 8TH AVE · NEW YORK, NY 10019	Legal	$269,844
AUDIT AND TAX SOLUTIONS3 years Filed as: AUDIT & TAX SOLUTIONS CPA INC Service code 17 · EIN 94-3211753	Pension Consulting	$38,000
PRUDENTIAL RETIREMENT INSURANCE AND6 years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT Service code 63 · EIN 13-4122960	12b-1 Fees	$210

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$60 / participant

Investment mgmt$61K2.7%
Legal$211K9.4%
Contract admin$274K12.2%
Other / not subdivided$2M75.8%

% of EOY assets

0.112%

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: 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

$70,731

$96,393-26.6%

$121,204-41.6%

$96,393-26.6%

Participation rate

59.3%

71.3%-11.9pp

69.5%-10.2pp

71.3%-11.9pp

Annual return

16.12%

22.88%-6.8pp

987.18%-971.1pp

22.88%-6.8pp

Employer contribution / active EE

$833

$3,239-74.3%

$4,170-80.0%

$3,239-74.3%

Participant deferral / active EE

$3,355

$5,455-38.5%

$4,083-17.8%

$5,455-38.5%

Admin fee / account holder

$79

$74+7.2%

$5,651-98.6%

$74+7.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$1,556,864

UBS FINANCIAL SERVICES INC9+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 16 · EIN 13-2638166

Consulting

$350,000

ROBERTS & HOLLAND1 year

Filed as: ROBERTS & HOLLAND LLP

Service code 29 · EIN 13-1833405

825 8TH AVE · NEW YORK, NY 10019

Legal

$269,844

AUDIT AND TAX SOLUTIONS3 years

Filed as: AUDIT & TAX SOLUTIONS CPA INC

Service code 17 · EIN 94-3211753

Pension Consulting

$38,000

PRUDENTIAL RETIREMENT INSURANCE AND6 years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT

Service code 63 · EIN 13-4122960

12b-1 Fees

$210

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