Plan Ledger DOL Form 5500 · updated monthly

Rolex Watch U.S.A., Inc.401(k)

ROLEX WATCH U.S.A., INC. PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Rolex Watch U.S.A., Inc. reported $345,579 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,439 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 0.134%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 365th-largest of 5,648 plans among New York employers on file, and the 177th of 4,246 in wholesale trade. In 2024, the employer put in $1.53 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$273,574,523
Participants with balances814
Active participants619
Employer contributions$8,318,705
Employee contributions$5,443,852
Employer contribution per active participant$13,439
Average account balance$336,087
Benefits paid to participants$15,545,934
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$273.6M · 814 accts · $8.3M emplr
2023$242.0M · 807 accts · $8.0M emplr
2022$207.8M · 731 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$274,813
Investment management$70,766
Total administrative$345,579
The Rolex Watch U.S.A., Inc. 401(k) match · 2024
Employer contribution per active participant$13,439
Median for plans this size$4,294
2024$13,439 per active participant
2023$12,628 per active participant
2022$11,336 per active participant

Rolex Watch U.S.A., Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$239,704
FIDUCIENT ADVISORS LLC · Investment advisory (plan)$70,762
PKF O'CONNOR DAVIES, LLP · Accounting / audit$35,109
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$345,579 · 0.13%
2023$333,095 · 0.15%
2022$309,412 · 0.13%
Same employer
Similar plansWholesale Trade · New York
Fanatics Holdings, Inc. NY$364.4M · 0.21%
Pernod Ricard USA, LLC NY$357.9M · 0.08%
Marubeni America Corporation NY$222.0M · 0.12%
G III Apparel Group NY$191.7M · 0.08%
Mitsui & Co. (U.S.A.), Inc. NY$187.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131574389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.