Plan Snapshot
- Plan Sponsor: Payless Shoesource, LLC
- Sponsor EIN: 480674097
- Sponsor Address: 735 NE 125TH ST, NORTH MIAMI, FL, 33161
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $66.3M
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 | 80 | $66.3M | $0 | $538,349 |
| 2023 | 84 | $66.4M | $0 | $485,677 |
| 2022 | 120 | $76.3M | $0 | $633,959 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $108,123 | — | $108,123 |
| GALLAGHER BENEFIT SERVICES INC DBA | Investment Advisor | $38,876 | — | $38,876 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,999
- Estimated Expense Ratio: 0.222% 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 | $147,685 | $39,562 | — | — | — |
| 2023 | $176,185 | $40,564 | — | — | — |
| 2022 | $117,881 | $7,586 | $110,295 | — | — |