TLC Casino Enterprises, Inc. 401(k) Review & Grade
TLC Casino Enterprises, Inc. 401(k) Plan
Las Vegas, NVArts, Entertainment & Recreation636 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$377Employer $ per active participant
$1,828Employee $ saved per active participant
1.00%Direct admin cost, % of plan assets
$13.1MNet plan assets, end of year
$11,341Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score30 / 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 | 25th |
| Lower admin cost | 6th |
| Employee saving | 38th |
| 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
- TLC Casino Enterprises put in about $377 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.
- Direct plan expenses (1.00% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $239,830 |
| Participant (employee) contributions | $1,163,680 |
| Other contributions (incl. rollovers in) | $623,179 |
| Administrative expenses paid from the plan | $120,486 |
| Investment advisory & management fees | $31,122 |
| Benefits paid out | $1,323,246 |
| Net assets, start / end of year | $11.0M / $13.1M |
| Active participants, start / end of year | 659 / 614 |
| Participants with account balances | 1,152 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $54,693 reported compensation |
| LPL Financial Corporation | $31,122 reported compensation |
| Nationwide Insurance | $2,502 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002165126NAL0000732209002, received 2025-10-02, EIN 02-0567564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.