# Macys, INC. 401(k) Plan
Source: https://planprovider.pro/companies/macys-inc-401k-plan

> Macys, INC.'s 401(k) plan: 103,247 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|NONE|$2,818,934|—|$2,818,934|

| MACY'S CREDIT & CUSTOMER SERVICE|PLAN ADM|$466,131|—|$466,131|

| ROCATON INVESTMENTS ADVISORS|NONE|$50,000|—|$50,000|

| CLARK, SCHAEFER, HACKETT & CO|NONE|$47,800|—|$47,800|

| RSVP DIRECT INC|NONE|$35,437|—|$35,437|

| CLASSICAL MARKETING LLC|NONE|$25,523|—|$25,523|

| AON CONSULTING INC.|NONE|$20,000|—|$20,000|

| FUND EVALUATION GROUP, LLC|NONE|$12,000|—|$12,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [AON CONSULTING INC.](https://planprovider.pro/provider/alight-solutions) — NONE

## 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|

## Similar Plans

- [Big Lots, INC.](https://planprovider.pro/companies/big-lots-inc-401k-plan) — 19,448 participants

- [Macys INC](https://planprovider.pro/companies/macys-inc-plan-012) — 15,538 participants

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