Boyd Gaming Corporation 401(k) Review & Grade
Boyd Gaming Corporation 401(k) Plan and Trust
Las Vegas, NVAccommodation & Food Services14,280 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$344Employer $ per active participant
$2,363Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$537.1MNet plan assets, end of year
$31,951Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 37th |
| Employee saving | 80th |
| Peers that auto-enroll | 24% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,191 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Boyd Gaming put in about $344 per active participant, below the typical peer ($393). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,912,733 |
| Participant (employee) contributions | $33,740,613 |
| Other contributions (incl. rollovers in) | $3,439,835 |
| Administrative expenses paid from the plan | $611,383 |
| Investment advisory & management fees | $98,783 |
| Benefits paid out | $52,569,551 |
| Net assets, start / end of year | $490.9M / $537.1M |
| Active participants, start / end of year | 13,741 / 14,818 |
| Participants with account balances | 16,811 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Audit & Tax Solutions, Inc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $475,287 reported compensation |
| Morgan Stanley | $80,000 reported compensation |
| Audit and Tax Solutions Cpas, Inc | $20,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123128NAL0001940304001, received 2025-10-13, EIN 88-0242733, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.