New Palace Casino, LLC 401(k) Review & Grade
New Palace Casino 401(k) Plan
Biloxi, MSAccommodation & Food Services718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$670Employer $ per active participant
$1,345Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$19.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 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 | 80th |
| Lower admin cost | 25th |
| Employee saving | 72th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- New Palace Casino put in about $670 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.
- Direct plan expenses (0.47% 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 | $481,083 |
| Participant (employee) contributions | $966,434 |
| Other contributions (incl. rollovers in) | $125,444 |
| Administrative expenses paid from the plan | $87,255 |
| Investment advisory & management fees | $32,187 |
| Benefits paid out | $1,586,625 |
| Net assets, start / end of year | $17.5M / $19.4M |
| Active participants, start / end of year | 476 / 961 |
| Participants with account balances | 278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Piltz,williams,larosa & Co |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,068 reported compensation |
| Prime Capital Investment Advisors | $32,187 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006095118NAL0001966931001, received 2025-10-06, EIN 64-0883200, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.