Gulfside Casino Partnership 401(k) Review & Grade
Gulfside Casino Partnership 401(k) Plan
Gulfport, MSArts, Entertainment & Recreation1,467 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$273Employer $ per active participant
$1,046Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$21.8MNet plan assets, end of year
$27,695Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 15th |
| Employee saving | 24th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,768 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gulfside Casino Partnership put in about $273 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 (0.65% 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.
- 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 | $400,823 |
| Participant (employee) contributions | $1,533,942 |
| Other contributions (incl. rollovers in) | $6,658 |
| Administrative expenses paid from the plan | $133,155 |
| Investment advisory & management fees | $37,545 |
| Other admin expenses | $3,613 |
| Benefits paid out | $1,708,096 |
| Net assets, start / end of year | $18.9M / $21.8M |
| Active participants, start / end of year | 1,517 / 1,417 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLC |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $91,997 reported compensation |
| Ubs Financial Services Inc | $37,545 reported compensation |
| Eisneramper LLP | $3,613 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009103117NAL0006831521001, received 2025-10-09, EIN 64-0823397, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.