Plan Ledger DOL Form 5500 · updated monthly

The Swatch Group (U.S.) Inc.401(k)

THE SWATCH GROUP (U.S.) INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

The Swatch Group (U.S.) Inc. reported $98,003 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $1,789 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 0.13% to 0.14%. 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 405th-largest of 3,644 plans among Florida employers on file, and the 2,346th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 813 to 962 since 2022.

Plan summary
Net assets, end of year$74,656,214
Participants with balances712
Active participants962
Employer contributions$1,720,816
Employee contributions$3,953,715
Employer contribution per active participant$1,789
Average account balance$104,854
Benefits paid to participants$4,356,944
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.7M · 712 accts · $1.7M emplr
2023$64.3M · 716 accts · $1.6M emplr
2022$56.7M · 671 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,612
Trustee / custodial$18,391
Total administrative$98,003
The The Swatch Group (U.S.) Inc. 401(k) match · 2024
Employer contribution per active participant$1,789
Median for plans this size$3,635
2024$1,789 per active participant
2023$1,806 per active participant
2022$1,804 per active participant

The Swatch Group (U.S.) Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$79,612
NEWPORT TRUST COMPANY · Claims processing · Custodial (securities)$18,391

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$98,003 · 0.14%
2023$89,446 · 0.15%
2022$77,142 · 0.13%
Same employer
Similar plansManufacturing · Florida
Cordis US Corp. FL$85.2M · 0.11%
Faro Technologies, Inc. FL$80.4M · 0.27%
Piper Aircraft, Inc. FL$79.9M · 0.29%
Harrell's, LLC FL$74.7M · 0.23%
Mac Papers, LLC FL$71.8M · 0.55%
Exactech, Inc. FL$70.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132972171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.