Tiffany 401(k) match, vesting and fees
What Tiffany's 401(k) plan says about matching contributions
With respect to employer contributions, following the end of each Plan year, a matching contribution may be made at the discretion of the Sponsor to the account of each employee who was a participant in the 401(k) feature of the Plan as of the end of such Plan year. Such contribution for the Plan years ended on January 31, 2025 and 2024 was equal to up to fifty percent (50%) of each participant's contributions, with a maximum matching contribution of three percent (3%) of such participant's 401(k) compensation. Employer contributions to a participant's account are allocated among the various investment options in the same proportion as the participant's own contributions or, for those employees who have not selected investment allocations, a target date fund determined by the applicable employee's date of birth. As of January 31, 2025 and 2024, the employer's matching contribution receivable by the Plan was $10,951 and $10,360 respectively, which was partly offset by forfeitures as discussed in "Vesting" below. Under certain circumstances, employee contributions and employer matching contributions may be limited for highlycompensated employees.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Automatic enrollment | Employees are eligible upon hire to participate in the 401(k) feature of the Plan, and are automatically enrolled 60 days after their initial date of employment, provided they are scheduled to work 35 or more hours per week on a non-temporary basis. All other employees are enrolled 60 days after completing one year of service. Employees may opt out of such automatic enrollment or 401(k) participation at any time. | Audit report, p. 32 ↗ |
| Loans | Participants may borrow from their accounts up to a maximum amount of no more than $50 or fifty percent (50%) of their total vested account balance, including employer matching contributions. The Plan permits each participant to have up to two loans outstanding concurrently. All loans must be repaid within five years unless they are used by the participant to purchase a primary residence. Loans are collateralized by the balance in the participant's account and bear interest at rates commensurate with prevailing market rates, as determined by the Plan administrator. | Audit report, p. 34 ↗ |
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cohnreznick LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 77 defined-contribution plans in retail trade with 5,000 to 9,999 participants.
| Tiffany: employer contribution per participant | $2,860 | |
| Peer median | $1,272 |
| Tiffany: average balance | $123,714 | |
| Peer median | $49,447 |
| Tiffany: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $886M at the end of plan year 2021 to $966M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,065 | $966M | $22.3M | $2,860 | 0.05% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 7,733 | $871M | $23.5M | $3,078 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 7,487 | $797M | $22.6M | $3,014 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 7,409 | $886M | $20.1M | $2,925 | 0.05% | Not published | Form 5500 ↗ |
Other Tiffany plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Tiffany and Company Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cohnreznick LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Tiffany match 401(k) contributions?
The audit report attached to the Tiffany & Company Employee P/S & Retirement Savings Plan's plan year 2024 Form 5500, page 33 says: “With respect to employer contributions, following the end of each Plan year, a matching contribution may be made at the discretion of the Sponsor to the account of each employee who was a participant in the 401(k) feature of the Plan as of the end of such Plan year. Such contribution for the Plan years ended on January 31, 2025 and 2024 was equal to up to fifty percent (50%) of each participant's contributions, with a maximum matching contribution of three percent (3%) of such participant's 401(k) compensation. Employer contributions to a participant's account are allocated among the various investment options in the same proportion as the participant's own contributions or, for those employees who have not selected investment allocations, a target date fund determined by the applicable employee's date of birth. As of January 31, 2025 and 2024, the employer's matching contribution receivable by the Plan was $10,951 and $10,360 respectively, which was partly offset by forfeitures as discussed in "Vesting" below. Under certain circumstances, employee contributions and employer matching contributions may be limited for highlycompensated employees.” Plan terms may have changed; check your current Summary Plan Description.
When is the Tiffany 401(k) match vested?
The vesting schedule for the Tiffany & Company Employee P/S & Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Tiffany 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Tiffany and Company.
I left Tiffany. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tiffany and Company, (212) 230-6600) or the recordkeeper, Empower Annuity Insurance Company O. The Tiffany old 401(k) page lists the contacts from every plan filing. Find an old Tiffany 401(k)
Data from the public Form 5500 annual reports Tiffany filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Tiffany. Not financial advice. Report a correction · Methodology