Retirement plan

MACYS INC 401(K) RETIREMENT INVESTMENT PLAN

Name: MACYS, INC. - MACYS INC 401(K) RETIREMENT INVESTMENT PLAN (2016) Form 5500
Creator: MACYS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACYS INC 401(K) RETIREMENT INVESTMENT PLAN, MACYS, INC.

MACYS, INC.EIN 13-3324058Plan #013PY 2016

7 W 7TH ST - CINCINNATI, OH 45202513-579-7000

Other plans on this EIN

1 filing

#012Retirement-$3.34B assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 29, 2014 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$3628.7M

-4.4% from 2016

Total participants

187,457

-6.9% from 2016

Average account balance

$21,696

-4.9% from 2016

Annual return

7.22%

-15.85 pp from 2016

Benchmarks

See 48 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort48 peers

Snapshot2016

Participant deferral / active EE

$1,962

median $865

Employer contribution / active EE

$759

median $445

Participation rate

83.4%

median 33.6%

Avg account balance

$21,696

median $30,250

Admin fee / account holder

$59

median $46

Annual return

7.22%

median 7.68%

Overall peer rank

56of 100

56th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$4.64B

Average account balance

Total assets / participants with a balance (line 6g)

$37K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

124,743

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

62.8%

Contributions (total)

Employer and participant dollars contributed each year

$322.54M

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.08%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$28

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 20 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH, PIERCE, FENNER&SMITH Service code 64 · EIN 13-5674085	Recordkeeping Fees	$4,050,609
METLIFE LIFE INSURANCE COMPANY2+ years Filed as: METLIFE MANAGEMENT Service code 51 · EIN 13-5581829	Investment Mgmt Fees	$1,198,610
MACY'S CREDIT & CUSTOMER SERVICE2+ years Filed as: MACYS CREDIT & CUSTOMER SERVICES Service code 14 · EIN 31-1397510	Plan Administrator	$660,176
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA PREMIER LIFE INSURANCE Service code 51 · EIN 52-0419790	Investment Mgmt Fees	$368,172
THE BANK OF NEW YORK MELLON2+ years Filed as: BNY MELLON Service code 51 · EIN 25-6078093	Investment Mgmt Fees	$271,770
PAYDEN & RYGEL2+ years Filed as: PAYDEN & RYGEL INVESTMENT MGMT Service code 51 · EIN 95-3921788	Investment Mgmt Fees	$254,699
JPMORGAN INVEST HOLDINGS LLC2+ years Filed as: JP MORGAN CHASE BANK Service code 21 · EIN 13-4994650	Bank Trustee	$207,791
US POSTAL SERVICE2+ years Service code 38 · EIN 41-0760000	Participant Communication	$170,005
ROCATON INVESTMENT ADVISORS, LLC2+ years Filed as: ROCATON INVESTMENT ADVISORS Service code 16 · EIN 04-3638035	Consulting	$65,398
MACY'S INC.1 year Filed as: MACYS INC Service code 14 · EIN 13-3324058	Plan Administrator	$59,941

Plan features & details

Pension benefit codes2E2G2J2K2O2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash 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.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9.8M

$81 / participant

Investment mgmt$4M45.2%
Contract admin$720K7.3%
Other / not subdivided$5M47.5%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK SCHAEFER HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,696

$38,032-43.0%

$87,502-75.2%

$329,111-93.4%

Participation rate

83.4%

43.3%+40.1pp

73.8%+9.6pp

67.9%+15.5pp

Annual return

7.22%

7.09%+0.1pp

12.21%-5.0pp

16.35%-9.1pp

Employer contribution / active EE

$759

$677+12.2%

$2,550-70.2%

$2,303-67.0%

Participant deferral / active EE

$1,962

$1,260+55.6%

$3,149-37.7%

$3,682-46.7%

Admin fee / account holder

$59

$50+18.0%

$4,221-98.6%

$754-92.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER&SMITH

Service code 64 · EIN 13-5674085

Recordkeeping Fees

$4,050,609

METLIFE LIFE INSURANCE COMPANY2+ years

Filed as: METLIFE MANAGEMENT

Service code 51 · EIN 13-5581829

Investment Mgmt Fees

$1,198,610

MACY'S CREDIT & CUSTOMER SERVICE2+ years

Filed as: MACYS CREDIT & CUSTOMER SERVICES

Service code 14 · EIN 31-1397510

Plan Administrator

$660,176

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA PREMIER LIFE INSURANCE

Service code 51 · EIN 52-0419790

Investment Mgmt Fees

$368,172

THE BANK OF NEW YORK MELLON2+ years

Filed as: BNY MELLON

Service code 51 · EIN 25-6078093

Investment Mgmt Fees

$271,770

PAYDEN & RYGEL2+ years

Filed as: PAYDEN & RYGEL INVESTMENT MGMT

Service code 51 · EIN 95-3921788

Investment Mgmt Fees

$254,699

JPMORGAN INVEST HOLDINGS LLC2+ years

Filed as: JP MORGAN CHASE BANK

Service code 21 · EIN 13-4994650

Bank Trustee

$207,791

US POSTAL SERVICE2+ years

Service code 38 · EIN 41-0760000

Participant Communication

$170,005

ROCATON INVESTMENT ADVISORS, LLC2+ years

Filed as: ROCATON INVESTMENT ADVISORS

Service code 16 · EIN 04-3638035

Consulting

$65,398

MACY'S INC.1 year

Filed as: MACYS INC

Service code 14 · EIN 13-3324058

Plan Administrator

$59,941

MACYS INC 401(K) RETIREMENT INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACYS INC 401(K) RETIREMENT INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion