# Hermes Of Paris, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hermes-of-paris-inc-401k-plan

> Hermes Of Paris, INC.&#39;s 401(k) plan: 1,421 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hermes Of Paris, INC.

- **Sponsor EIN:** 133587711

- **Sponsor Address:** 550 MADISON AVENUE, NEW YORK, NY, 10022

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

- **Total Participants:** 1,421

- **Total Assets:** $178.4M

## 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|1,421|$178.4M|$6.7M|$13.8M|

| 2023|1,285|$144.9M|$5.0M|$11.7M|

| 2022|1,139|$114.1M|$4.1M|$9.1M|

## 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|

| JOHN HANCOCK RETIREMENT PLAN SRVCS|RETAINED BY CLIENT|$145,626|—|$145,626|

| BAKER TILLY US, LLP|AUDITOR|$33,500|—|$33,500|

### Verified Provider Profiles

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

- [JOHN HANCOCK RETIREMENT PLAN SRVCS](https://planprovider.pro/provider/john-hancock) — RETAINED BY CLIENT

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — AUDITOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $179,126

- **Estimated Expense Ratio:** 0.100% 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|$179,755|$19,061|$127,194|$33,500|—|

| 2023|$154,228|$14,806|$107,422|$32,000|—|

| 2022|$147,415|$12,173|$111,242|—|$24,000|

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