401(k) · DOL Form 5500 · 2023

Smgha Nevada, LLC 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
1,793
Participants Near avg headcount
49th
Percentile by assets National rank
$3,461
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Palms 401(k) Savings Plan · Sponsored by Smgha Nevada, LLC · Nevada · Food Services & Accommodation

$6M in assets, 1,793 participants

Smgha Nevada, LLC's Palms 401(k) Savings Plan reported $6M in total assets and 1,793 participants in its 2023 DOL Form 5500 filing, ranking in the 49th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,086 in Food Services & Accommodation (3,828 peers)

Coverage in Nevada

Palms 401(k) Savings Plan covers 1,793 participants in Nevada, 2.8x the typical Nevada plan (state average ~636 per filing). Assets: $6M.

#3,086
in Food Services & Accommodation (3,828 peers)
+128.2%
assets growth YoY

Palms 401(k) Savings Plan's mid-pack asset rank among Food Services & Accommodation and all filers

Palms 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,204,906 49th percentile higher than 49% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Palms 401(k) Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palms 401(k) Savings Plan lands in the large band (1,793 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palms 401(k) Savings Plan reported participants rose from 215 in the plan year 2022 filing to 1,793 in the plan year 2023 filing.
  • Palms 401(k) Savings Plan end-of-year assets rose from $3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Palms 401(k) Savings Plan reported net income rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 871815815 · Smgha Nevada, LLC PY 2023 · 401(k)

Palms 401(k) Savings Plan · $6M · 1,793 · 49th

  • RANK $6M
  • RANK 1,793
  • RANK 49th
  • RANK 401(k)
  • RANK near Asana Partners Payroll Services, LLC 401(k) Plan
  • RANK ind #3086

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Food Services & Accommodation retirement plans → · Plans in Nevada →

Palms 401(k) Savings Plan in the asset neighbourhood

Rehabilitation Medicine Associates of Eugene-Springfield, P.C. Profit Sharing PlanRehabilitation Medicine Asso…$6MOak Leaf Management Employee 401(k) PlanOak Leaf Management Employee…$6MContractors Materials, LLC Cash or Deferred Profit Sharing Plan and TrustContractors Materials, LLC C…$6MPalms 401(k) Savings Plan$6MAsana Partners Payroll Services, LLC 401(k) PlanAsana Partners Payroll Servi…$6M
End-of-year total assets ($M) among Palms 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Nevada filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$6M
Net Income$3M
Employer EIN871815815
Plan Effective Date2022-02-22
Filing StatusFILING RECEIVED

Sponsor Plan History (Smgha Nevada, LLC)

Sponsor-wide plan assets over time

All Smgha Nevada, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$10M 270.94471380010697% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $2.72M $10.1M ▲ +271.0%
Year Plans Participants Total Assets
2022 1 215 $3M
2023 1 1,793 $6M
2024 1 1,973 $10M

Nearby 401(k) Plans in Nevada

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Palms 401(k) Savings Plan vs. nearby 401(k) plans in Nevada, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 -0.500.511.522.5 Total assets ($B) Participants Palms 401(k) Savings Plan, Total assets ($B): 0.006204906 · Participants: 1793Palms 401(k) Savings PlanThe Mgm Resorts 401(k) Savings Plan, Total assets ($B): 2.01117919 · Participants: 28142The Mgm Resorts 401(k) Savings PlanCaesars Entertainment, Inc 401(k) Plan, Total assets ($B): 1.82487518 · Participants: 29628Caesars Entertainment, Inc 401(k) PlanBarrick Retirement Plan, Total assets ($B): 1.19282548 · Participants: 6964Barrick Retirement PlanNv Energy 401(k) Plan, Total assets ($B): 0.999258908 · Participants: 2475Nv Energy 401(k) PlanEighth District Electrical Pension Fund Annuity Plan, Total assets ($B): 0.98131609 · Participants: 20426Eighth District Electrical Pension Fund Annuity Plan
Palms 401(k) Savings Plan vs. nearby 401(k) plans in Nevada, assets vs. participants
Compare Palms 401(k) Savings Plan side-by-side with 3 peers →

Palms 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Nevada, the nearest 401(k) by assets is Asana Partners Payroll Services, LLC 401(k) Plan in NC ($6M); by covered participants it is Evercommerce Solutions, Inc. 401(k) Profit Sharing Plan in CO (1,793 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,793 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palms 401(k) Savings Plan assets move in 2023? ▼
Palms 401(k) Savings Plan surged - up 128.2% during 2023, from $3M to $6M. Reported net income was $3M.
How have Smgha Nevada, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smgha Nevada, LLC's sponsor-wide assets grew 270.9%, from $3M to $10M.
Which 401(k) plans are similar in size to Palms 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Asana Partners Payroll Services, LLC 401(k) Plan in NC ($6M, 94 participants).
Which 401(k) plans cover a similar participant headcount to Palms 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Evercommerce Solutions, Inc. 401(k) Profit Sharing Plan in CO (1,793 participants, $64M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 871815815.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.