Retirement plan
NORDSTROM 401K PLAN
NORDSTROM, INC.EIN 91-0515058Plan #001PY 2015
Other plans on this EIN
2 filingsProspect flagsLow returnsLow participationCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator entity
NORDSTROM 401K PLAN RETIREMENT COMMITTEE
EIN 910979776
Summary metrics
Total assets (EOY)
$2707.4M
-6.0% from 2016
Total participants
102,915
+0.4% from 2016
Average account balance
$35,890
-3.5% from 2016
Annual return
-4.12%
-11.44 pp from 2016
Benchmarks
Peer group
Industry45 - Retail Trade
Plan typeDefined contribution
Participants>=10,000
Cohort43 peers
Snapshot2015
67
Participant deferral / active EE
$1,459
median $893
71
Employer contribution / active EE
$772
median $508
79
Participation rate
64.6%
median 32.8%
62
Avg account balance
$35,890
median $32,722
33
Admin fee / account holder
$61
median $50
12
Annual return
-4.12%
median 0.29%
Overall peer rank
54of 100
54th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.30B
Average account balance
Total assets / participants with a balance (line 6g)
$42K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
102,382
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
87.9%
Contributions (total)
Employer and participant dollars contributed each year
$259.31M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.22%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$108
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 16 by compensation
| Provider | Service type | Compensation |
|---|---|---|
MERCER HR SERVICES, LLC1+ years Service code 15 INVESTORS WAY · NORWOOD, MA 020621584 | Recordkeeping | $2,516,567 |
Service code 28 · EIN 02-0488491 | Investment Management | $681,173 |
WILLIAM BLAIR INVESTMENT1+ years Service code 28 · EIN 47-2614791 | Investment Management | $453,991 |
BANK OF NEW YORK MELLON1+ years Service code 18 · EIN 13-5160382 | Custodial (other than securities); Di... | $416,016 |
CALLAN ASSOCIATES1+ years Service code 16 · EIN 94-2192581 | Consulting | $208,583 |
PACIFIC INVESTMENT MANAGEMENT1+ years Service code 28 · EIN 33-0629048 | Investment Management | $162,769 |
DODGE & COX1+ years Service code 28 · EIN 94-1441976 | Investment Management | $137,525 |
RAINIER INVESTMENT MGMT, INC1+ years Service code 28 · EIN 91-1457076 | Investment Management | $87,902 |
DELOITTE & TOUCHE1+ years Service code 10 · EIN 13-3891517 | Accounting | $65,000 |
TD AMERITRADE INC.1+ years Service code 33 · EIN 47-0533629 | Direct payment from the plan; Securit... | $54,930 |
Top hat statement on fileNQDC
Filed June 19, 2020 (most recent of 3 filings on file)
Plan administrator
Plans declared (4)
- Nordstrom Directors Deferred Compensation Plan9 emp
- Nordstrom Deferred Compensation Plan488 emp
- Nordstrom Supplemental Executive Retirement Plan8 emp
- Nordstrom, Inc. Executive Severance Plan10 emp
Total covered: 515 employees
Plan features & details
Pension benefit codes2A2E2F2G2J2K2R2S2T3H
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$4.6M
$59 / participant
- Investment mgmt$4M90.8%
- Other / not subdivided$425K9.2%
% of EOY assets
0.170%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MOSS ADAMS
- Auditor EIN
- 910189318
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified