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Retirement plan

NORDSTROM PUERTO RICO RETIREMENT & SAVINGS PLAN

NORDSTROM, INC.EIN 91-0515058Plan #003PY 2020
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EMPLOYEE BENEFITS, PO BOX 1270 - SEATTLE, WA 98111855-667-3947nordstrom.comLinkedIn10001+ employeesretail
Other plans on this EIN
1 filing
#001Retirement-$3.84B assets
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(855) 667-3947
Plan administrator entity
NORDSTROM 401K PLAN RETIREMENT COMMITTEE
EIN 910979776
(206) 628-2111
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Summary metrics

Total assets (EOY)
$0
-77.4% from 2016
Total participants
0
-2.5% from 2016
Average account balance
$0
-77.2% from 2016
Annual return
0.09%
-19.17 pp from 2016

Benchmarks

See 7,937 peers
Peer group
Industry45 - Retail Trade
Plan typeDefined contribution
Participants<25
Cohort7,937 peers
Snapshot2020
Participant deferral / active EE
$0
median $2,703
Employer contribution / active EE
$0
median $1,281
Participation rate
0.0%
median 91.7%
Avg account balance
$0
median $56,998
Admin fee / account holder
$0
median $220
Annual return
0.09%
median 13.39%
Overall peer rank
15th percentileavg across 6 metrics

Analytics

2015 - 2020
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$3K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
190
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
100.0%
Contributions (total)
Employer and participant dollars contributed each year
$44K
Contributions per participant
Average employer and participant contribution per enrolled participant
$935
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.09%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC3 years
Service code 15 · EIN 82-1061233
Recordkeeping
$1,553

Top hat statement on fileNQDC

Filed June 19, 2020 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
1700 Seventh Avenue, Suite 900
Seattle, WA 98101
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

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

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2K2S2T3C3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3C
    Plan not intended to be qualified
    A plan not intended to be qualified under Code sections 401 403 or 408.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$2K
  • Contract admin$2K100.0%
% of EOY assets
-
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 LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified