Hotspur Resorts Nevada LTD. 401(k) Review & Grade
Hotspur Resorts Nevada LTD 401(k) Salary Deferral Plan
Las Vegas, NVAccommodation & Food Services1,128 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$454Employer $ per active participant
$1,635Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$23.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 74th |
| Employee saving | 79th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,959 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hotspur Resorts Nevada put in about $454 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $511,952 |
| Participant (employee) contributions | $1,843,153 |
| Other contributions (incl. rollovers in) | $38,870 |
| Administrative expenses paid from the plan | $21,934 |
| Investment advisory & management fees | $7,353 |
| Benefits paid out | $2,700,642 |
| Net assets, start / end of year | $20.7M / $23.4M |
| Active participants, start / end of year | 1,035 / 1,220 |
| Participants with account balances | 457 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $14,581 reported compensation |
| Strategic Advisors, Inc. | $7,353 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131139NAL0002345347001, received 2025-10-15, EIN 20-2531207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.