Festival Fun Parks, LLC 401(k) Review & Grade
Palace Entertainment 401(k) Plan
Homestead, PAArts, Entertainment & Recreation934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$312Employer $ per active participant
$1,244Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$31.9MNet plan assets, end of year
$68,213Average balance per account
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues 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 | 21th |
| Lower admin cost | 73th |
| Employee saving | 29th |
| 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 ($441,401 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $32,868 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Festival Fun Parks put in about $312 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.
- 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 | $291,608 |
| Participant (employee) contributions | $1,162,967 |
| Other contributions (incl. rollovers in) | $4,913 |
| Administrative expenses paid from the plan | $32,973 |
| Contract administrator fees | $28,070 |
| Investment advisory & management fees | $4,903 |
| Benefits paid out | $3,742,209 |
| Net assets, start / end of year | $30.7M / $31.9M |
| Active participants, start / end of year | 1,074 / 795 |
| Participants with account balances | 468 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bridge CPA |
Largest service providers (Schedule C)
| Ascensus LLC | $21,421 reported compensation |
| United of Omaha | $6,649 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251211094042NAL0006566929001, received 2025-12-11, EIN 77-0486724, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.