# Payless Markets, INC. 401(k) Plan
Source: https://planprovider.pro/companies/payless-markets-inc-401k-plan

> Payless Markets, INC.'s 401(k) plan: 721 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| ASC TRUST, LLC|NONE|$110,417|—|$110,417|

| 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](https://planprovider.pro/provider/bcm-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $110,417

- **Estimated Expense Ratio:** 0.672% 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|$110,417|—|$8,710|—|—|

| 2023|$100,760|—|$7,360|—|—|

| 2022|$100,466|$92,356|$8,110|—|—|

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