Chanel 401(k) Review & Grade
Chanel, Inc. Savings & Investment Plan
New York, NYManufacturing2,608 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,431Employer $ per active participant
$11,153Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$424.7MNet plan assets, end of year
$126,967Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 58th |
| Employee saving | 87th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,580 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chanel put in about $3,431 per active participant, below the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,947,039 |
| Participant (employee) contributions | $29,086,717 |
| Other contributions (incl. rollovers in) | $5,801,030 |
| Administrative expenses paid from the plan | $373,055 |
| Investment advisory & management fees | $65,554 |
| Other admin expenses | $63,509 |
| Benefits paid out | $23,531,619 |
| Net assets, start / end of year | $350.3M / $424.7M |
| Active participants, start / end of year | 2,617 / 2,599 |
| Participants with account balances | 3,345 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $211,427 reported compensation |
| Strategic Advisors, Inc. | $65,554 reported compensation |
| Capfinancial Partners, LLC. | $63,510 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013165423NAL0000851635001, received 2025-10-13, EIN 13-0565120, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.