# Safilo Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/safilo-usa-inc-401k-plan

> Safilo Usa, INC.'s 401(k) plan: 590 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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