Plan Snapshot
- Plan Sponsor: Macys, INC.
- Sponsor EIN: 133324058
- Sponsor Address: 145 PROGRESS PLACE, SPRINGDALE, OH, 45246
- Plan Type: 401(k)
- Total Participants: 103,247
- Total Assets: $4.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 103,247 | $4.6B | $88.3M | $234.2M |
| 2023 | 109,553 | $4.3B | $84.3M | $225.7M |
| 2022 | 120,254 | $3.7B | $85.2M | $217.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $2,818,934 | — | $2,818,934 |
| MACY'S CREDIT & CUSTOMER SERVICE | Other Service Provider | $466,131 | — | $466,131 |
| ROCATON INVESTMENTS ADVISORS | Other Service Provider | $50,000 | — | $50,000 |
| CLARK, SCHAEFER, HACKETT & CO | Other Service Provider | $47,800 | — | $47,800 |
| RSVP DIRECT INC | Other Service Provider | $35,437 | — | $35,437 |
| CLASSICAL MARKETING LLC | Other Service Provider | $25,523 | — | $25,523 |
| AON CONSULTING INC. | Recordkeeper | $20,000 | — | $20,000 |
| FUND EVALUATION GROUP, LLC | Other Service Provider | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,475,825
- Estimated Expense Ratio: 0.075% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,480,000 | $62,000 | — | $48,000 | — |
| 2023 | $3,531,000 | $50,000 | — | $44,000 | — |
| 2022 | $3,499,000 | — | $448,000 | — | $2,986,000 |