Wheeling Island Gaming, Inc. 401(k) Review & Grade
Delaware North Companies Gaming and Entertainment Inc. West Virginia Retirement Savings Plan
Buffalo, NYArts, Entertainment & Recreation722 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,777Employer $ per active participant
$1,043Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$28.7MNet plan assets, end of year
$30,008Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 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 | 89th |
| Lower admin cost | 29th |
| Employee saving | 24th |
| Peers that auto-enroll | 38% |
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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
- Wheeling Island Gaming put in about $2,777 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.
- Direct plan expenses (0.42% 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 | $2,003,727 |
| Participant (employee) contributions | $752,298 |
| Other contributions (incl. rollovers in) | $180,038 |
| Administrative expenses paid from the plan | $115,435 |
| Contract administrator fees | $104,935 |
| Investment advisory & management fees | $7,000 |
| Benefits paid out | $2,715,325 |
| Net assets, start / end of year | $26.1M / $28.7M |
| Active participants, start / end of year | 709 / 734 |
| Participants with account balances | 955 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tronconi & Segarra & Associates |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $104,935 reported compensation |
| Morgan Stanley Smith Barney LLC | $7,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008112803NAL0005764817001, received 2025-10-08, EIN 16-1333214, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.