Plan Snapshot
- Plan Sponsor: Target Corporation
- Sponsor EIN: 410215170
- Sponsor Address: 7000 TARGET PARKWAY, BROOKLYN PARK, MN, 55445
- Plan Type: DB
- Total Participants: 38,299
- Total Assets: $3.3B
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 | 38,299 | $3.3B | $0 | $0 |
| 2023 | 41,726 | $3.5B | $150.0M | $0 |
| 2022 | 45,700 | $3.3B | $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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | CONTRACT ADMINISTRATOR | $5,157,589 | — | $5,157,589 |
| NISA INVESTMENT ADVISORS, LLC | INVESTMENT MANAGEMENT | $1,464,535 | — | $1,464,535 |
| JP MORGAN INVESTMENT MANAGEMENT INC | INVESTMENT MANAGEMENT | $613,317 | — | $613,317 |
| STATE STREET BANK & TRUST COMPANY | DIRECTED TRUSTEE | $601,909 | — | $601,909 |
| SCHRODER INVESTMENT MANAGEMENT NA | INVESTMENT MANAGEMENT | $493,702 | — | $493,702 |
| AON CONSULTING | ACTUARY | $462,591 | — | $462,591 |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | INVESTMENT MANAGEMENT | $407,028 | — | $407,028 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | INVESTMENT MANAGEMENT | $323,100 | — | $323,100 |
| BLACKROCK INSTITUTIONAL TRUST CO. | INVESTMENT MANAGEMENT | $235,149 | — | $235,149 |
| PUGH CAPITAL MANAGEMENT, INC. | INVESTMENT MANAGEMENT | $213,945 | — | $213,945 |
| CALLAN LLC | CONSULTANT | $175,000 | — | $175,000 |
| STATE STREET GLOBAL ADVISORS TRUST | INVESTMENT MANAGEMENT | $139,657 | — | $139,657 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | INVESTMENT MANAGEMENT | $100,000 | — | $100,000 |
| HERRON PALMER | CONSULTANT | $47,600 | — | $47,600 |
| ERNST & YOUNG LLP | AUDITOR | $42,000 | — | $42,000 |
| K.H. HUELER, INC. | CONSULTANT | $25,000 | — | $25,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — CONTRACT ADMINISTRATOR
- JP MORGAN INVESTMENT MANAGEMENT INC — INVESTMENT MANAGEMENT
- AON CONSULTING — ACTUARY
- GOLDMAN SACHS ASSET MANAGEMENT, LP — INVESTMENT MANAGEMENT
- ERNST & YOUNG LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,502,122
- Estimated Expense Ratio: 0.317% 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 | $20,384,812 | $3,990,433 | $5,405,189 | $42,000 | — |
| 2023 | $20,792,585 | $4,012,461 | $5,280,969 | $42,000 | — |
| 2022 | $20,684,333 | $4,201,834 | — | — | $7,001,787 |