Plan Snapshot
- Plan Sponsor: Giorgio Armani Corporation
- Sponsor EIN: 133187045
- Sponsor Address: 335 MADISON AVENUE 28TH FLOOR, NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 1,740
- Total Assets: $86.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,740 | $86.3M | $703,092 | $3.6M |
| 2023 | 1,488 | $76.4M | $899,643 | $3.3M |
| 2022 | 1,506 | $64.4M | $874,783 | $3.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $173,853 | — | $173,853 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $60,000 | — | $60,000 |
| FUNARO & CO. P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUNARO & CO. P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $233,853
- Estimated Expense Ratio: 0.271% 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 | $196,332 | $60,000 | — | — | — |
| 2023 | $205,137 | $56,250 | $148,887 | — | — |
| 2022 | $187,870 | $45,000 | $142,145 | — | — |