Plan Snapshot
- Plan Sponsor: Chanel
- Sponsor EIN: 130565120
- Sponsor Address: 9 WEST 57TH STREET, NEW YORK, NY, 10019
- Plan Type: 401(k)
- Total Participants: 2,599
- Total Assets: $424.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,599 | $424.7M | $8.9M | $29.1M |
| 2023 | 2,617 | $350.3M | $8.9M | $26.6M |
| 2022 | 2,459 | $281.8M | $7.7M | $22.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $211,427 | — | $211,427 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $65,554 | — | $65,554 |
| CAPFINANCIAL PARTNERS, LLC. | CONSULTANT | $63,510 | — | $63,510 |
| CROWE LLP | ACCOUNTANT/AUDITOR | $32,565 | — | $32,565 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $373,056
- Estimated Expense Ratio: 0.088% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $373,055 | $65,554 | — | $32,565 | — |
| 2023 | $404,046 | $41,243 | — | $47,433 | — |
| 2022 | $376,927 | $27,697 | — | — | — |