Pacific Group Resorts, Inc. 401(k) Review & Grade
Pacific Group Resorts, Inc. 401(k) Profit Sharing Plan
Park City, UTArts, Entertainment & Recreation936 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$432Employer $ per active participant
$1,336Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$16.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 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 | 29th |
| Lower admin cost | 16th |
| Employee saving | 29th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $73,465 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pacific Group Resorts put in about $432 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 (0.64% 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 | $404,507 |
| Participant (employee) contributions | $1,251,285 |
| Other contributions (incl. rollovers in) | $7,167 |
| Administrative expenses paid from the plan | $96,281 |
| Contract administrator fees | $80,729 |
| Investment advisory & management fees | $7,776 |
| Other admin expenses | $7,776 |
| Benefits paid out | $1,023,085 |
| Net assets, start / end of year | $14.0M / $16.1M |
| Active participants, start / end of year | 878 / 995 |
| Participants with account balances | 359 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dbbmckennon |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $80,728 reported compensation |
| S B H U Life Agency Inc | $20,073 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $15,563 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163614NAL0004541504001, received 2025-10-14, EIN 36-4778076, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.