Golf Management Operating, LLC 401(k) Review & Grade
Century Golf 401(k) Savings Plan
Dallas, TXArts, Entertainment & Recreation2,353 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,698Employer $ per active participant
$298Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$38.8MNet plan assets, end of year
$29,296Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 32th |
| Employee saving | 3th |
| 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 ($141,591 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $125,146 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Golf Management Operating put in about $1,698 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 (0.38% 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.
- 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 | $3,994,942 |
| Participant (employee) contributions | $701,006 |
| Other contributions (incl. rollovers in) | $918,474 |
| Administrative expenses paid from the plan | $138,259 |
| Investment advisory & management fees | $18,990 |
| Other admin expenses | $6,669 |
| Benefits paid out | $4,950,406 |
| Net assets, start / end of year | $33.8M / $38.8M |
| Active participants, start / end of year | 2,150 / 2,556 |
| Participants with account balances | 1,323 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Ta Retirement Solutions, LLC | $84,924 reported compensation |
| The Vanguard Group, Inc. | $27,676 reported compensation |
| Kestra Advisory Services, LLC | $18,990 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014091221NAL0003456304002, received 2025-10-14, EIN 88-0528324, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.