Churchill Downs Incorporated 401(k) Review & Grade
Churchill Downs Incorporated 401(k) Retirement Plan
Louisville, KYArts, Entertainment & Recreation8,463 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$833Employer $ per active participant
$1,684Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$209.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 51th |
| Employee saving | 29th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Churchill Downs Incorporated put in about $833 per active participant, below the typical peer ($1,107). 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.
- 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 | $7,048,572 |
| Participant (employee) contributions | $14,247,700 |
| Other contributions (incl. rollovers in) | $6,749,711 |
| Administrative expenses paid from the plan | $224,470 |
| Investment advisory & management fees | $12,494 |
| Other admin expenses | $13,750 |
| Benefits paid out | $14,119,590 |
| Net assets, start / end of year | $171.6M / $209.8M |
| Active participants, start / end of year | 7,438 / 9,488 |
| Participants with account balances | 3,694 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dean Dorton |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $198,226 reported compensation |
| Globabl Retirement Partners, LLC | $13,750 reported compensation |
| Strategic Advisors, Inc. | $12,494 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145949NAL0007909041001, received 2025-10-10, EIN 61-0156015, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.