Plan Ledger DOL Form 5500 · updated monthly

Chanel401(k)

CHANEL, INC. SAVINGS & INVESTMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Chanel reported $373,055 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $3,442 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.12% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 254th-largest of 5,648 plans among New York employers on file, and the 651st of 13,661 in manufacturing. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$424,703,152
Participants with balances3,345
Active participants2,599
Employer contributions$8,947,039
Employee contributions$29,086,717
Employer contribution per active participant$3,442
Average account balance$126,967
Benefits paid to participants$23,531,619
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$424.7M · 3,345 accts · $8.9M emplr
2023$350.3M · 3,270 accts · $8.9M emplr
2022$281.8M · 3,092 accts · $7.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,427
Investment management$65,554
Audit (IQPA)$32,565
Total administrative$373,055
The Chanel 401(k) match · 2024
Employer contribution per active participant$3,442
Median for plans this size$4,294
2024$3,442 per active participant
2023$3,402 per active participant
2022$3,140 per active participant

Chanel's 2024 employer contribution ran below the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$211,427
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$65,554
CAPFINANCIAL PARTNERS, LLC. · Consulting$63,510
CROWE LLP · Accounting / audit$32,565

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$373,055 · 0.10%
2023$404,046 · 0.13%
2022$376,927 · 0.12%
Same employer
Similar plansManufacturing · New York
Coty Inc. NY$449.6M · 0.20%
Carestream Health, Inc. NY$427.3M · 0.07%
Minerals Technologies Inc. NY$380.2M · 0.04%
Carl Zeiss, Inc. NY$360.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 130565120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.