# Mayors Jewelers, INC. 401(k) Plan
Source: https://planprovider.pro/companies/mayors-jewelers-inc-401k-plan

> Mayors Jewelers, INC.'s 401(k) plan: 673 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mayors Jewelers, INC.

- **Sponsor EIN:** 592290953

- **Sponsor Address:** 3340 NW 53RD STREET, SUITE #402, FORT LAUDERDALE, FL, 33309

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

- **Total Participants:** 673

- **Total Assets:** $32.0M

## 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|673|$32.0M|$1.5M|$4.1M|

| 2023|601|$27.3M|$1.5M|$3.8M|

| 2022|546|$18.0M|$992,263|$2.9M|

## 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|

| RBC WEALTH MANAGEMENT|ADVISOR|$36,935|—|$36,935|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$5,269|—|$5,269|

| LERROSARBEY, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [RBC WEALTH MANAGEMENT](https://planprovider.pro/provider/royal-bank-of-canada) — ADVISOR

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

- [LERROSARBEY, PLLC](https://planprovider.pro/provider/lerrosarbey-pllc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $42,204

- **Estimated Expense Ratio:** 0.132% 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|$60,097|$36,935|—|—|—|

| 2023|$4,654|—|—|—|—|

| 2022|$1,825|—|—|—|—|

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