Treasure Bay LLC 401(k) Review & Grade
Treasure Bay LLC 401(k) Plan
Biloxi, MSArts, Entertainment & Recreation751 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$853Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$13.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 39th |
| Employee saving | 17th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,838 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Treasure Bay put in about $296 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.
- 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.
- 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 | $222,534 |
| Participant (employee) contributions | $640,359 |
| Other contributions (incl. rollovers in) | $87,460 |
| Administrative expenses paid from the plan | $41,198 |
| Investment advisory & management fees | $15,000 |
| Benefits paid out | $1,407,398 |
| Net assets, start / end of year | $12.6M / $13.9M |
| Active participants, start / end of year | 605 / 897 |
| Participants with account balances | 230 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,198 reported compensation |
| Raymond James and Associates, Inc. | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001113359NAL0017746403001, received 2025-10-01, EIN 64-0828691, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.