Plan Snapshot
- Plan Sponsor: Movado Group, INC.
- Sponsor EIN: 132595932
- Sponsor Address: 650 FROM ROAD, PARAMUS, NJ, 07652
- Plan Type: 401(k)
- Total Participants: 973
- Total Assets: $112.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 973 | $112.4M | $1.4M | $5.0M |
| 2023 | 884 | $103.8M | $1.6M | $4.9M |
| 2022 | 881 | $88.8M | $1.1M | $4.6M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $233,129 | $32,033 | — | — | — |
| 2023 | $195,928 | $22,956 | — | — | — |
| 2022 | $226,584 | $29,190 | — | — | — |