Plan Ledger DOL Form 5500 · updated monthly

Samsonite, LLC401(k)

SAMSONITE EMPLOYEE SAVINGS TRUST · MANSFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Samsonite, LLC reported $111,670 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $6,088 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 0.21% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 415th-largest of 2,726 plans among Massachusetts employers on file, and the 1,849th of 13,661 in manufacturing. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has shrunk from 864 to 628 since 2022.

Plan summary
Net assets, end of year$104,442,246
Participants with balances970
Active participants628
Employer contributions$3,823,297
Employee contributions$3,894,914
Employer contribution per active participant$6,088
Average account balance$107,672
Benefits paid to participants$9,770,265
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$104.4M · 970 accts · $3.8M emplr
2023$94.2M · 1,017 accts · $3.4M emplr
2022$82.6M · 1,117 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,744
Investment management$15,444
Total administrative$111,670
The Samsonite, LLC 401(k) match · 2024
Employer contribution per active participant$6,088
Median for plans this size$3,635
2024$6,088 per active participant
2023$5,312 per active participant
2022$3,517 per active participant

Samsonite, LLC's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$95,744
MMA SECURITIES · Accounting / audit$15,444

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$111,670 · 0.11%
2023$122,056 · 0.14%
2022$201,218 · 0.21%
Same employer
Similar plansManufacturing · Massachusetts
Hollingsworth & Vose Company MA$120.0M · 0.16%
Imprivata, Inc. MA$118.8M · 0.06%
Motional Ad, Inc. MA$110.1M · 0.06%
Polar Corp. MA$102.4M · 0.28%
Gorton's Inc. MA$95.3M · 0.04%
E Ink Corporation MA$95.2M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363511556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.