Jacobs Entertainment, Inc. 401(k) Review & Grade
Jacobs Entertainment, Inc.'s 401(k) Plan
Lakewood, COArts, Entertainment & Recreation2,034 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$399Employer $ per active participant
$1,508Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$37.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 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 | 28th |
| Lower admin cost | 34th |
| Employee saving | 33th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $123,279 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jacobs Entertainment put in about $399 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 (0.36% 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 | $811,489 |
| Participant (employee) contributions | $3,066,464 |
| Other contributions (incl. rollovers in) | $95,901 |
| Administrative expenses paid from the plan | $129,786 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $44,156 |
| Benefits paid out | $3,798,523 |
| Net assets, start / end of year | $33.6M / $37.9M |
| Active participants, start / end of year | 1,837 / 2,230 |
| Participants with account balances | 707 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,630 reported compensation |
| Global Retirement Partners LLC | $44,156 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902153446NAL0014430209001, received 2025-09-02, EIN 34-1959351, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.