# Norman'S Gift Shops, INC. 401(k) Plan
Source: https://planprovider.pro/companies/norman-s-gift-shops-inc-222521774-002

> Norman'S Gift Shops, INC.'s 401(k) plan: 282 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Norman'S Gift Shops, INC.

- **Sponsor EIN:** 222521774

- **Sponsor Address:** 105 TERRY DRIVE, NEWTOWN, PA, 189401851

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

- **Plan Number:** 002

- **Total Participants:** 282

- **Total Assets:** $34.8M

## 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|282|$34.8M|$395,602|$394,601|

| 2023|236|$35.3M|$1,503|$373,871|

| 2022|205|$21.1M|$1,503|$272,976|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|Recordkeeper|$47,048|—|$47,048|

| PARK AVENUE SECURITIES|Investment Advisor|—|$16,736|$16,736|

### Verified Provider Profiles

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

- [PARK AVENUE SECURITIES](https://planprovider.pro/provider/park-avenue-securities-llc) — Investment Advisor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $63,784

- **Estimated Expense Ratio:** 0.183% 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|$47,048|—|$47,048|—|—|

| 2023|$38,608|—|$38,608|—|—|

| 2022|$37,578|$90|$37,488|—|—|

## Similar Plans

- [Urban Outfitters, INC.](https://planprovider.pro/companies/urban-outfitters-inc-401k-plan) — 27,598 participants

- [Five Below, INC.](https://planprovider.pro/companies/five-below-inc-401k-plan) — 13,125 participants

- [Urban Outfitters, INC.](https://planprovider.pro/companies/urban-outfitters-inc-232003332-501) — 9,367 participants

- [Ollie'S Bargain Outlet, INC.](https://planprovider.pro/companies/ollie-s-bargain-outlet-inc-401k-plan) — 7,389 participants

- [Five Below, INC.](https://planprovider.pro/companies/five-below-inc-753000378-501) — 6,664 participants

- [Gobrands, INC.](https://planprovider.pro/companies/gobrands-inc-474409123-501) — 3,109 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/norman-s-gift-shops-inc-222521774-002)

© 2026 PlanProvider.Pro