Plan Snapshot
- Plan Sponsor: Safilo Usa, INC.
- Sponsor EIN: 131982071
- Sponsor Address: 300 LIGHTING WAY SUITE 400, SECAUCUS, NJ, 07094
- Plan Type: 401(k)
- Total Participants: 590
- Total Assets: $61.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 590 | $61.6M | $1.5M | $3.3M |
| 2023 | 622 | $56.5M | $1.6M | $3.3M |
| 2022 | 561 | $47.7M | $1.4M | $2.8M |
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 | Auditor | $12,600 | — | $12,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,600
- Estimated Expense Ratio: 0.020% 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 | $144,243 | $50,649 | — | $12,600 | — |
| 2023 | $123,137 | $43,687 | — | — | — |
| 2022 | $118,860 | — | — | — | — |