Plan Ledger DOL Form 5500 · updated monthly

Luxury Optical Holdings, Co.401(k)

LUXURY OPTICAL HOLDINGS, CO. 401(K) · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

Luxury Optical Holdings, Co. reported $60,373 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. 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 0.67% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (3,751st of 5,648), and 2,828th of 5,215 in retail trade. active participation has shrunk from 198 to 160 since 2022.

Plan summary
Net assets, end of year$9,054,921
Participants with balances157
Active participants160
Employer contributions—
Employee contributions$770,420
Employer contribution per active participant—
Average account balance$57,675
Benefits paid to participants$477,561
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 157 accts
2023$7.7M · 148 accts
2022$6.1M · 152 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,373
Total administrative$60,373
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,372
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)indirect comp

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$60,373 · 0.72%
2023$48,287 · 0.70%
2022$45,637 · 0.67%
Same employer
Similar plansRetail Trade · New York
Glossier, Inc. NY$9.5M · 0.84%
Hill & Markes, LLC. NY$9.2M · 0.30%
Pipes & Shaw LLC NY$8.9M · 0.08%
Adorama Inc. NY$8.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830454790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.