Plan Snapshot
- Plan Sponsor: Macys INC
- Sponsor EIN: 133324058
- Sponsor Address: 145 PROGRESS PLACE, SPRINGDALE, OH, 45246
- Plan Type: DB
- Total Participants: 15,538
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 15,538 | $1.9B | $0 | $0 |
| 2023 | 17,160 | $2.0B | $0 | $0 |
| 2022 | 18,751 | $2.3B | $0 | $0 |
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 | $2,044,013 | — | $2,044,013 |
| MACY'S, INC. | PLAN ADMIN/PLAN COMM | $1,581,047 | — | $1,581,047 |
| AON CONSULTING INC. | NONE | $825,744 | — | $825,744 |
| CLASSICAL MARKETING, LLC | NONE | $22,870 | — | $22,870 |
| RSVP | NONE | $20,522 | — | $20,522 |
| CLARK SCHAEFER HACKETT & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,494,196
- Estimated Expense Ratio: 0.240% 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 | $8,401,000 | — | — | — | — |
| 2023 | $11,482,000 | — | — | $46,000 | — |
| 2022 | $10,027,000 | — | $1,606,000 | — | $2,736,000 |