Plan Ledger DOL Form 5500 · updated monthly

Ferragamo USA Inc401(k)

RETIREMENT SAVINGS PLAN FOR EMPLOYEES OF FERRAGAMO USA INC · SECAUCUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Ferragamo USA Inc reported $132,976 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,947 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 rose from 0.23% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 596th-largest of 2,419 plans among New Jersey employers on file, and the 891st of 4,246 in wholesale trade. In 2024, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,346,383
Participants with balances730
Active participants442
Employer contributions$860,659
Employee contributions$2,766,220
Employer contribution per active participant$1,947
Average account balance$63,488
Benefits paid to participants$8,539,621
Plan auditDisclaimer of opinion
AuditorFUNARO & CO P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$46.3M · 730 accts · $861K emplr
2023$45.9M · 782 accts · $1.0M emplr
2022$41.8M · 750 accts · $720K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,565
Investment management$66,161
Audit (IQPA)$43,250
Total administrative$132,976
The Ferragamo USA Inc 401(k) match · 2024
Employer contribution per active participant$1,947
Median for plans this size$2,416
2024$1,947 per active participant
2023$2,143 per active participant
2022$1,579 per active participant

Ferragamo USA Inc's 2024 employer contribution ran below the $2,416 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$23,565
MORGAN STANLEY · Investment advisory (plan) · Investment management$66,093
FUNARO & CO/PC · Accounting / audit$43,250
CHARLES SCHWAB & CO., INC. · Securities brokerage$68
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$132,976 · 0.29%
2023$99,556 · 0.23%
2022$110,045 · 0.23%
Same employer
Similar plansWholesale Trade · New Jersey
True World Holdings LLC NJ$55.9M · 0.17%
Miele, Inc. NJ$52.7M · 0.27%
Roosevelt Paper Company NJ$51.9M · 0.00%
Westport Corporation NJ$45.4M · 0.20%
Lapp Holding NA, Inc. NJ$44.3M · 0.21%
Glatt Air Techniques, Inc. NJ$43.5M · 0.12%
Control Associates, Inc. NJ$43.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 136180843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.