# Ferrari North America, INC. 401(k) Plan
Source: https://planprovider.pro/companies/ferrari-north-america-inc-401k-plan

> Ferrari North America, INC.&#39;s 401(k) plan: 175 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ferrari North America, INC.

- **Sponsor EIN:** 223502942

- **Sponsor Address:** 250 SYLVAN AVE, ENGLEWOOD CLIFFS, NJ, 07632

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

- **Total Participants:** 175

- **Total Assets:** $25.8M

## 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|175|$25.8M|$922,069|$1.4M|

| 2023|151|$23.4M|$810,819|$1.2M|

| 2022|133|$18.9M|$664,462|$817,973|

## 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|

| STRATEGIC ADVISORS, INC.|ADVISOR|$12,642|—|$12,642|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$8,900|—|$8,900|

| WITHUM SMITH AND BROWN, PC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [WITHUM SMITH AND BROWN, PC](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $21,542

- **Estimated Expense Ratio:** 0.084% 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|$21,542|$12,642|—|—|—|

| 2023|$17,677|$9,277|—|—|—|

| 2022|$11,840|$5,224|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ferrari-north-america-inc-401k-plan)

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