Spiegelworld Holding Company LLC 401(k) Review & Grade
Spiegelworld 401k Plan
Las Vegas, NVArts, Entertainment & Recreation562 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,386Employer $ per active participant
$2,686Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 19th |
| Employee saving | 58th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Spiegelworld Holding Company put in about $1,386 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 (0.57% 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 | $779,057 |
| Participant (employee) contributions | $1,509,712 |
| Other contributions (incl. rollovers in) | $100,833 |
| Administrative expenses paid from the plan | $27,858 |
| Contract administrator fees | $27,858 |
| Benefits paid out | $666,031 |
| Net assets, start / end of year | $3.7M / $6.1M |
| Active participants, start / end of year | 633 / 491 |
| Participants with account balances | 243 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $27,858 reported compensation |
| Pensionmark Financial Group LLC | $14,468 reported compensation |
| Morningstar Investment Management | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250513163108NAL0018279473001, received 2025-05-13, EIN 46-3513906, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.