Plan Snapshot
- Plan Sponsor: Staples, INC.
- Sponsor EIN: 042896127
- Sponsor Address: PO BOX 9274 500 STAPLE, DR., FRAMINGHAM, MA, 01701
- Plan Type: 401(k)
- Total Participants: 11,200
- Total Assets: $1.5B
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 | 11,200 | $1.5B | $17.0M | $58.5M |
| 2023 | 12,803 | $1.4B | $17.7M | $59.7M |
| 2022 | 13,366 | $1.3B | $16.4M | $56.8M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — 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 | $943,230 | — | — | — | — |
| 2023 | $914,849 | — | — | — | — |
| 2022 | $1,014,670 | $25,000 | — | — | $1,200 |