# Faherty Brand LLC 401(k) Plan
Source: https://planprovider.pro/companies/faherty-brand-llc-401k-plan

> Faherty Brand LLC&#39;s 401(k) plan: 485 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Faherty Brand LLC

- **Sponsor EIN:** 454826718

- **Sponsor Address:** 180 MAIDEN LANE, NEW YORK, NY, 10038

- **Plan Type:** 401(k)

- **Total Participants:** 485

- **Total Assets:** $6.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|485|$6.7M|$769,761|$1.6M|

| 2023|465|$5.0M|$746,342|$1.5M|

| 2022|503|$2.1M|$0|$0|

| 2021|254|$865,086|$0|$0|

## 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|

| BETTERMENT FOR BUSINESS, LLC|RECORDKEEPER|$11,012|—|$11,012|

| CBIZ CPAS P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BETTERMENT FOR BUSINESS, LLC](https://planprovider.pro/provider/betterment-llc) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $11,012

- **Estimated Expense Ratio:** 0.164% 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|$11,012|$11,012|—|—|—|

| 2023|$7,887|—|—|—|—|

| 2022|$6,999|$6,999|—|—|—|

| 2021|$700|—|—|—|—|

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