Plan Snapshot
- Plan Sponsor: Luxury Brand Holding, INC.
- Sponsor EIN: 050266581
- Sponsor Address: 9 ROSS-SIMONS DRIVE, CRANSTON, RI, 02920
- Plan Type: 401(k)
- Total Participants: 228
- Total Assets: $21.3M
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 | 228 | $21.3M | $348,789 | $1.0M |
| 2023 | 253 | $19.7M | $434,136 | $1.0M |
| 2022 | 312 | $15.7M | $409,391 | $937,768 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $7,057 | — | $7,057 |
| SANSIVERI, KIMBALL & CO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,057
- Estimated Expense Ratio: 0.033% 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 | $7,057 | $82 | $5,825 | — | — |
| 2023 | $7,510 | $35 | $7,025 | — | — |
| 2022 | $5,135 | — | — | — | — |