Park Place Operations, Inc. 401(k) Review & Grade
Park Place Operations, Inc. 401(k) Plan
Cincinnati, OHOther Services915 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$279Employer $ per active participant
$1,083Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$16.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 21th |
| Employee saving | 27th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,681 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Park Place Operations put in about $279 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.54% 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.
- 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 | $255,366 |
| Participant (employee) contributions | $991,200 |
| Other contributions (incl. rollovers in) | $92,972 |
| Administrative expenses paid from the plan | $83,522 |
| Investment advisory & management fees | $31,995 |
| Benefits paid out | $1,292,843 |
| Net assets, start / end of year | $14.5M / $16.6M |
| Active participants, start / end of year | 824 / 1,006 |
| Participants with account balances | 250 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barnes, Dennig & Co., LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $40,027 reported compensation |
| Commonwealth Financial Network | $31,995 reported compensation |
| Barnes, Dennig & Co., LTD | $11,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105940NAL0009217266001, received 2025-10-15, EIN 58-1202840, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.