Midwest Gaming & Entertainment, LLC 401(k) Review & Grade
Midwest Gaming & Entertainment, LLC 401(k) Plan
Des Plaines, ILArts, Entertainment & Recreation1,822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,875Employer $ per active participant
$3,830Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$73.9MNet plan assets, end of year
$36,693Average balance per account
Score breakdown
- Employer generosity38.8 / 5078th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 92th |
| Employee saving | 77th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($129 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Midwest Gaming & Entertainment put in about $1,875 per active participant, more than the typical peer ($995). 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.
- 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 | $3,416,215 |
| Participant (employee) contributions | $6,978,583 |
| Other contributions (incl. rollovers in) | $533,995 |
| Administrative expenses paid from the plan | $21,604 |
| Benefits paid out | $7,308,371 |
| Net assets, start / end of year | $61.6M / $73.9M |
| Active participants, start / end of year | 1,792 / 1,852 |
| Participants with account balances | 2,014 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $21,604 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916103135NAL0001257475001, received 2025-09-16, EIN 41-2054764, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.