Plan Ledger DOL Form 5500 · updated monthly

Hugo Boss USA401(k)

HUGO BOSS U.S.A, 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Hugo Boss USA reported $88,339 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,013 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 3 years on file its reported administrative ratio has held roughly steady near 0.186%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,343rd-largest of 5,648 plans among New York employers on file, and the 640th of 5,215 in retail trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 1,397 to 1,935 since 2022.

Plan summary
Net assets, end of year$51,200,997
Participants with balances840
Active participants1,935
Employer contributions$1,960,034
Employee contributions$3,694,761
Employer contribution per active participant$1,013
Average account balance$60,954
Benefits paid to participants$5,532,543
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.2M · 840 accts · $2.0M emplr
2023$43.6M · 795 accts · $1.7M emplr
2022$35.9M · 755 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,339
Total administrative$88,339
The Hugo Boss USA 401(k) match · 2024
Employer contribution per active participant$1,013
Median for plans this size$2,416
2024$1,013 per active participant
2023$1,070 per active participant
2022$1,017 per active participant

Hugo Boss USA's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$88,339

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$88,339 · 0.19%
2023$79,854 · 0.20%
2022$76,179 · 0.19%
Same employer
Similar plansRetail Trade · New York
Zara USA, Inc. NY$52.8M · 0.52%
Basil Management Group LLC NY$51.3M · 0.26%
Bob Johnson Chevrolet NY$50.9M · 0.35%
Adams Fairacre Farms, Inc. NY$47.7M · 0.25%
Healey Brothers, Inc. NY$43.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222973683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.