Giorgio Armani Corporation 401(k) Review & Grade
Giorgio Armani 401(k)
New York, NYRetail Trade1,614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$436Employer $ per active participant
$2,215Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$86.3MNet plan assets, end of year
$105,375Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 48th |
| Employee saving | 37th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($146,051 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $222,263 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Giorgio Armani put in about $436 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $703,092 |
| Participant (employee) contributions | $3,575,176 |
| Other contributions (incl. rollovers in) | $1,079,693 |
| Administrative expenses paid from the plan | $196,332 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $5,886,583 |
| Net assets, start / end of year | $76.4M / $86.3M |
| Active participants, start / end of year | 1,488 / 1,740 |
| Participants with account balances | 819 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Funaro & Co. P.C |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $173,853 reported compensation |
| Ubs Financial Services Inc | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160936NAL0010222610001, received 2025-10-15, EIN 13-3187045, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.