Penn Entertainment, Inc. 401(k) Review & Grade
Penn Entertainment, Inc. 401(k) Plan
Wyomissing, PAArts, Entertainment & Recreation19,834 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$887Employer $ per active participant
$2,221Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$694.0MNet plan assets, end of year
$29,986Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 23th |
| Employee saving | 31th |
| Peers that auto-enroll | 50% |
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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
- Penn Entertainment put in about $887 per active participant, below the typical peer ($2,229). 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 (0.17% of assets) are well above similar-size plans (0.09%). 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 | $17,598,912 |
| Participant (employee) contributions | $44,052,288 |
| Other contributions (incl. rollovers in) | $5,881,832 |
| Administrative expenses paid from the plan | $1,125,023 |
| Investment advisory & management fees | $71,000 |
| Benefits paid out | $70,964,400 |
| Net assets, start / end of year | $609.2M / $694.0M |
| Active participants, start / end of year | 19,805 / 19,862 |
| Participants with account balances | 23,143 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $1,054,023 reported compensation |
| Raymond James & Associates Inc | $71,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915142022NAL0000744611001, received 2025-09-15, EIN 23-2234473, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.