Plan Snapshot
- Plan Sponsor: Rolex Watch U.S.A., INC.
- Sponsor EIN: 131574389
- Sponsor Address: 665 FIFTH AVENUE, NEW YORK, NY, 10022
- Plan Type: 401(k)
- Total Participants: 619
- Total Assets: $273.6M
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 | 619 | $273.6M | $8.3M | $5.4M |
| 2023 | 636 | $242.0M | $8.0M | $5.3M |
| 2022 | 597 | $207.8M | $6.8M | $4.5M |
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 | CONTRACT ADMINISTRATOR | $239,704 | — | $239,704 |
| FIDUCIENT ADVISORS LLC | INVESTMENT ADVISORY | $70,762 | — | $70,762 |
| PKF O'CONNOR DAVIES, LLP | ACCOUNTANT | $35,109 | — | $35,109 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $345,575
- Estimated Expense Ratio: 0.126% 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 | $345,579 | $70,766 | $239,704 | — | — |
| 2023 | $333,095 | $54,636 | $220,459 | $58,000 | — |
| 2022 | $309,412 | $47,103 | $262,309 | — | — |