Plan Snapshot
- Plan Sponsor: Ferragamo Usa INC.
- Sponsor EIN: 136180843
- Sponsor Address: 663 FIFTH AVENUE, NEW YORK, NY, 10022
- Plan Type: 401(k)
- Total Participants: 442
- Total Assets: $46.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 442 | $46.3M | $860,659 | $2.8M |
| 2023 | 471 | $45.9M | $1.0M | $2.8M |
| 2022 | 456 | $41.8M | $720,203 | $2.7M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | INVESTMENT ADVISOR | $66,093 | — | $66,093 |
| FUNARO & CO/PC | AUDITOR | $43,250 | — | $43,250 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $23,565 | — | $23,565 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- FUNARO & CO/PC — AUDITOR
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,908
- Estimated Expense Ratio: 0.287% 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 | $132,976 | $66,161 | — | $43,250 | — |
| 2023 | $99,556 | $60,057 | — | $21,500 | — |
| 2022 | $110,045 | $64,390 | — | — | $21,500 |