Plan Snapshot
- Plan Sponsor: The Swatch Group (U.S.) INC.
- Sponsor EIN: 132972171
- Sponsor Address: 800 WATERFORD WAY, MIAMI, FL, 33126
- Plan Type: DC
- Total Participants: 962
- Total Assets: $74.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 962 | $74.7M | $1.7M | $4.0M |
| 2023 | 883 | $64.3M | $1.6M | $3.6M |
| 2022 | 813 | $56.7M | $1.5M | $3.2M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $79,612 | — | $79,612 |
| NEWPORT TRUST COMPANY | TRUSTEE | $18,391 | — | $18,391 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,003
- Estimated Expense Ratio: 0.131% 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 | $98,003 | — | $59,055 | — | — |
| 2023 | $89,446 | — | $62,028 | — | — |
| 2022 | $77,142 | — | $61,536 | — | $15,606 |