Ac Ocean Walk LLC 401(k) Review & Grade
Ocean Casino-Resort 401(k) Plan
Atlantic City, NJArts, Entertainment & Recreation2,194 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$869Employer $ per active participant
$3,121Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$34.0MNet plan assets, end of year
$16,507Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 10th |
| Employee saving | 66th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($78 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ac Ocean Walk put in about $869 per active participant, below the typical peer ($995). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.80% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,907,057 |
| Participant (employee) contributions | $6,848,102 |
| Other contributions (incl. rollovers in) | $2,092,670 |
| Administrative expenses paid from the plan | $233,202 |
| Contract administrator fees | $173,833 |
| Investment advisory & management fees | $38,252 |
| Benefits paid out | $4,127,243 |
| Net assets, start / end of year | $24.3M / $34.0M |
| Active participants, start / end of year | 2,201 / 2,187 |
| Participants with account balances | 2,061 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Torrillo & Associates, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $173,833 reported compensation |
| Mma Securities LLC | $38,252 reported compensation |
| Torrillo & Associates, LLC | $21,117 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008153702NAL0005769873001, received 2025-10-08, EIN 82-2361693, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.