Plan Ledger DOL Form 5500 · updated monthly

Longchamp USA401(k)

LONGCHAMP 401(K)PLAN · ROBBINSVILLE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Longchamp USA reported $44,459 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,988 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 0.43% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,509th of 2,419), and 8,778th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 99 to 160 since 2022.

Plan summary
Net assets, end of year$9,988,939
Participants with balances191
Active participants160
Employer contributions$318,145
Employee contributions$600,401
Employer contribution per active participant$1,988
Average account balance$52,298
Benefits paid to participants$520,990
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 191 accts · $318K emplr
2023$8.4M · 183 accts · $250K emplr
2022$7.7M · 168 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,459
Total administrative$44,459
The Longchamp USA 401(k) match · 2024
Employer contribution per active participant$1,988
Median for plans this size$1,313
2024$1,988 per active participant
2023$2,405 per active participant
2022$2,071 per active participant

Longchamp USA's 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping$266

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$44,459 · 0.48%
2023$37,157 · 0.46%
2022$36,273 · 0.43%
Same employer
Similar plansManufacturing · New Jersey
Fsr Incorporated NJ$10.1M · 0.03%
Ggb, LLC NJ$10.1M · 0.10%
Upfield Sourcing US, Inc. NJ$10.0M · 0.71%
Soda Stream USA NJ$10.0M · 0.42%
Al & John, Inc. NJ$9.9M · 0.08%
Reed-Lane, Inc. NJ$9.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510359309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.