Plan Snapshot
- Plan Sponsor: Payless Markets, INC.
- Sponsor EIN: 980067166
- Sponsor Address: 116 CHALAN SANTO PAPA, HAGATNA, GU, 96910
- Plan Type: 401(k)
- Total Participants: 721
- Total Assets: $16.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 721 | $16.4M | $779,288 | $1.3M |
| 2023 | 654 | $16.2M | $647,298 | $1.1M |
| 2022 | 715 | $14.1M | $691,494 | $1.2M |
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 |
|---|---|---|---|---|
| BURGER COMER MAGLIARI, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BURGER COMER MAGLIARI, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $110,417 | — | $8,710 | — | — |
| 2023 | $100,760 | — | $7,360 | — | — |
| 2022 | $100,466 | $92,356 | $8,110 | — | — |