Bally's Management Group, LLC 401(k) Review & Grade
Bally's 401(k) Plan
Lincoln, RIArts, Entertainment & Recreation6,808 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$855Employer $ per active participant
$2,520Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$175.4MNet plan assets, end of year
$22,799Average balance per account
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 26th |
| Employee saving | 41th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,044 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $9,038 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bally's Management Group put in about $855 per active participant, below the typical peer ($1,107). 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 (0.27% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $5,821,762 |
| Participant (employee) contributions | $17,156,989 |
| Other contributions (incl. rollovers in) | $1,497,137 |
| Administrative expenses paid from the plan | $439,026 |
| Contract administrator fees | $371,000 |
| Other admin expenses | $68,026 |
| Benefits paid out | $20,175,440 |
| Net assets, start / end of year | $152.0M / $175.4M |
| Active participants, start / end of year | 6,884 / 6,731 |
| Participants with account balances | 7,694 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Faw, Casson & Co., LLP |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $110,000 reported compensation |
| The Angell Pension Group, Inc. | $78,479 reported compensation |
| Voya Retirement Insurance & Annuity | $593 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001101633NAL0014073872001, received 2025-10-01, EIN 13-3472600, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.