Plan Snapshot
- Plan Sponsor: Rolex Watch U.S.A., INC.
- Sponsor EIN: 131574389
- Sponsor Address: 650 FIFTH AVENUE, NEW YORK, NY, 10019
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 623
- Total Assets: $11.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 623 | $11.1M | $55,000 | $299,312 |
| 2023 | 695 | $11.3M | $57,726 | $236,994 |
| 2022 | 607 | $10.5M | $62,208 | $197,470 |
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 |
|---|---|---|---|---|
| UBS, INC. | Other Service Provider | $119,826 | — | $119,826 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,826
- Estimated Expense Ratio: 1.080% 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 | $312,826 | $119,826 | — | — | — |
| 2023 | $314,253 | $116,253 | — | — | — |
| 2022 | $133,390 | $133,390 | — | — | — |