Las Vegas Sands 401(k) match, vesting and fees
What Las Vegas Sands' 401(k) plan says about matching contributions
During 2024, the employer contributed to each eligible participant’s account, as a discretionary matching contribution, up to 6% of the participant’s total annual compensation for the Plan year, subject to maximum contribution thresholds imposed by the IRS.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 30 ↗ |
| Roth contributions | Lastly, on September 13, 2024, the Plan was amended to allow for Roth in-plan conversion and after-tax contributions for active and eligible participants. | Audit report, p. 32 ↗ |
| Loans | Notes Receivable from Participants — Under the Plan, a loan made to a Plan participant shall be in an amount that is not less than $1,000 and not more than 50% of the vested interest in the participant’s account up to $50,000. Loans are collateralized by the participant’s account, and repayment of a loan is generally not to exceed a period of five years. However, loans used to acquire any dwelling unit which, within a reasonable time is to be used as a principal residence of the participant, shall provide for the periodic repayment over a reasonable period of time that may exceed 5 years. Loans shall bear interest at a rate commensurate with local prevailing rates at the time funds are borrowed as determined by the Plan administrator. As of December 31, 2024, participant loans have maturities through 2039 and are subject to a 7.50% interest rate. | Audit report, p. 31 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 167 defined-contribution plans in accommodation and food services with 500 to 999 participants.
| Las Vegas Sands: employer contribution per participant | $6,088 | |
| Peer median | $816 |
| Las Vegas Sands: average balance | $129,151 | |
| Peer median | $25,849 |
| Las Vegas Sands: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.56% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $93.6M at the end of plan year 2023 to $118M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,075 | $118M | $5.6M | $6,088 | 0.11% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 987 | $93.6M | $6.5M | $7,857 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Las Vegas Sands match 401(k) contributions?
The audit report attached to the Las Vegas Sands Corp. 401(k) Retirement Plan's plan year 2024 Form 5500, page 30 says: “During 2024, the employer contributed to each eligible participant’s account, as a discretionary matching contribution, up to 6% of the participant’s total annual compensation for the Plan year, subject to maximum contribution thresholds imposed by the IRS.” Plan terms may have changed; check your current Summary Plan Description.
When is the Las Vegas Sands 401(k) match vested?
The vesting schedule for the Las Vegas Sands Corp. 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Las Vegas Sands 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Las Vegas Sands Corp..
I left Las Vegas Sands. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Las Vegas Sands Corp., (702) 923-9000) or the recordkeeper, Fidelity Investments Institutional. The Las Vegas Sands old 401(k) page lists the contacts from every plan filing. Find an old Las Vegas Sands 401(k)
Data from the public Form 5500 annual reports Las Vegas Sands filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Las Vegas Sands. Not financial advice. Report a correction · Methodology