Full House Resorts, Inc. 401(k) Review & Grade
Full House Resorts, Inc. 401(k) Plan
Las Vegas, NVArts, Entertainment & Recreation1,781 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$182Employer $ per active participant
$897Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$21.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue 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 | 12th |
| Lower admin cost | 55th |
| Employee saving | 19th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $95,986 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Full House Resorts put in about $182 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.
- 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 | $324,880 |
| Participant (employee) contributions | $1,597,305 |
| Other contributions (incl. rollovers in) | $399,221 |
| Administrative expenses paid from the plan | $38,692 |
| Benefits paid out | $1,756,967 |
| Net assets, start / end of year | $18.6M / $21.3M |
| Active participants, start / end of year | 1,200 / 2,362 |
| Participants with account balances | 496 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| LPL Financial LLC | $28,368 reported compensation |
| Fidelity Investments Institutional | $27,692 reported compensation |
| Eide Bailly LLP | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930080135NAL0005379203001, received 2025-09-30, EIN 13-3391527, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.