JC Resorts LLC 401(k) Review & Grade
JC Resorts LLC 401(k) Benefit Plan
La Jolla, CAAccommodation & Food Services1,192 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$231Employer $ per active participant
$2,633Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$32.6MNet plan assets, end of year
$23,601Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 31th |
| Employee saving | 90th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($208,226 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- JC Resorts put in about $231 per active participant, below the typical peer ($266). 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 (0.39% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $275,442 |
| Participant (employee) contributions | $3,137,224 |
| Other contributions (incl. rollovers in) | $182,142 |
| Administrative expenses paid from the plan | $119,089 |
| Investment advisory & management fees | $20,330 |
| Benefits paid out | $2,826,954 |
| Net assets, start / end of year | $28.1M / $32.6M |
| Active participants, start / end of year | 1,008 / 1,375 |
| Participants with account balances | 1,382 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ling & Bouman Cpa's LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,823 reported compensation |
| Concurrent Investment Advisors LLC | $20,330 reported compensation |
| Ling & Bouman, LLP | $12,050 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013132129NAL0003015858001, received 2025-10-13, EIN 52-2205482, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.