MGM Resorts International 401(k) Review & Grade
The MGM Resorts 401(k) Savings Plan
Las Vegas, NVArts, Entertainment & Recreation37,718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$886Employer $ per active participant
$3,602Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$78,569Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 38th |
| Employee saving | 40th |
| Peers that auto-enroll | 50% |
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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 ($39,742 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $50,626 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MGM Resorts International put in about $886 per active participant, below the typical peer ($2,229). 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 | $33,408,834 |
| Participant (employee) contributions | $135,844,067 |
| Other contributions (incl. rollovers in) | $10,600,163 |
| Administrative expenses paid from the plan | $2,469,740 |
| Other admin expenses | $529,449 |
| Benefits paid out | $225,653,741 |
| Net assets, start / end of year | $2.0B / $2.2B |
| Active participants, start / end of year | 37,719 / 37,717 |
| Participants with account balances | 28,535 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Audit and Tax Solutions, Cpas, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $1,458,621 reported compensation |
| Ubs Financial Services Inc | $243,750 reported compensation |
| Roberts & Holland LLP | $196,920 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008104625NAL0002932243001, received 2025-10-08, EIN 88-0215232, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.