Essilorluxottica USA Inc 401(k) Review & Grade
Essilorluxottica Retirement Savings Plan 1
Port Washington, NYWholesale Trade37,904 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,496Employer $ per active participant
$2,375Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$53,767Average balance per account
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 57th |
| Employee saving | 9th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,024 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Essilorluxottica USA put in about $1,496 per active participant, below the typical peer ($2,420). 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 | $56,691,393 |
| Participant (employee) contributions | $90,003,360 |
| Other contributions (incl. rollovers in) | $10,355,229 |
| Administrative expenses paid from the plan | $968,431 |
| Contract administrator fees | $9,900 |
| Investment advisory & management fees | $190,140 |
| Benefits paid out | $117,131,572 |
| Net assets, start / end of year | $1.2B / $1.5B |
| Active participants, start / end of year | 36,924 / 38,884 |
| Participants with account balances | 27,937 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $778,291 reported compensation |
| Strategic Advisors, Inc | $190,140 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007145331NAL0011631442001, received 2025-10-07, EIN 86-3625314, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.