Plan Ledger DOL Form 5500 · updated monthly

Parlux Holdings, Inc.401(k)

PARLUX HOLDINGS, INC. 401(K) SAVINGS PLAN · BELLPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Parlux Holdings, Inc. reported $33,612 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.44% to 0.36%. 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 (3,629th of 5,648), and 2,650th of 5,215 in retail trade. active participation has grown from 96 to 141 since 2022.

Plan summary
Net assets, end of year$9,873,145
Participants with balances193
Active participants141
Employer contributions$0
Employee contributions$750,602
Employer contribution per active participant$0
Average account balance$51,156
Benefits paid to participants$895,681
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNICK,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 193 accts
2023$8.6M · 208 accts
2022$7.6M · 202 accts
Administrative expenses, itemized · 2024
Investment management$33,612
Total administrative$33,612
The Parlux Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Parlux Holdings, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
ALLIANT INSURANCE SERVICES, INC. · Contract administrator · Investment advisory (plan)$26,081
EMPOWER ADVISORY GROUPS, LLC · Investment management$3,211

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$33,612 · 0.36%
2023$36,108 · 0.45%
2022$36,307 · 0.44%
Similar plansRetail Trade · New York
Regional International Corp NY$10.5M · 0.15%
Hicks Nurseries, Inc. NY$10.1M · 0.24%
Zabars & Co., Inc. NY$9.7M · 0.02%
Araca Merchandise L.P. NY$9.7M · 0.43%
Tom Ford Retail LLC NY$9.6M · 0.21%
Glossier, Inc. NY$9.5M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650977964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.