Dallas Basketball Limited D.B.A. Dallas Mavericks 401(k) Review & Grade
Dallas Basketball Limited 401(k) Plan
Dallas, TXArts, Entertainment & Recreation592 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,812Employer $ per active participant
$5,358Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
$89,015Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 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 | 75th |
| Lower admin cost | 46th |
| Employee saving | 88th |
| Peers that auto-enroll | 38% |
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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 ($4,842 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Dallas Basketball Limited D.B.A. Dallas Mavericks put in about $1,812 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,073,409 |
| Participant (employee) contributions | $3,174,507 |
| Other contributions (incl. rollovers in) | $167,332 |
| Administrative expenses paid from the plan | $109,058 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $52,241 |
| Benefits paid out | $5,169,677 |
| Net assets, start / end of year | $43.9M / $40.4M |
| Active participants, start / end of year | 738 / 447 |
| Participants with account balances | 454 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $35,410 reported compensation |
| Cohnreznick LLP | $31,395 reported compensation |
| Fidelity Investments Institutional | $25,422 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112025NAL0002737585001, received 2025-10-14, EIN 75-2667844, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.