Retirement plan

MACYS INC 401(K) RETIREMENT INVESTMENT PLAN

Name: MACYS, INC. - MACYS INC 401(K) RETIREMENT INVESTMENT PLAN (2020) 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 2020

145 PROGRESS PLACE - SPRINGDALE, OH 45246513-579-7000

Other plans on this EIN

1 filing

#012Retirement-$3.46B assets

Prospect flagsLow returns

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.

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Total assets (EOY)

$3972.5M

-2.2% from 2019

Total participants

144,725

-12.0% from 2019

Average account balance

$28,894

+5.6% from 2019

Annual return

10.09%

-4.55 pp from 2019

Benchmarks

See 41 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort41 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64B

Not enough data

1 years with asset history on file

Average account balance

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

$37K

Not enough data

1 years with per-participant data

Participants with account balance

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

124,743

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

62.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$322.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MERRIL LYNCH1 year Filed as: MERRIL LYNCH PIERCE FENNER & SMITH Service code 64 · EIN 91-0781053	Recordkeeping Fees	$3,536,695
MACY'S CREDIT & CUSTOMER SERVICE6+ years Filed as: MACYS CREDIT & CUSTOMER SERVICES Service code 14 · EIN 31-1397510	Plan Administrator	$301,797
CLARKE LANZEN SKALLA INVESTMENT FIR1 year Filed as: CLARKE SCHAEFER HACKETT Service code 10 · EIN 31-0800053	Accounting	$36,500
ROCATON INVESTMENT ADVISORS, LLC6+ years Filed as: ROCATON INVESTMENT ADVISORS Service code 16 · EIN 04-3638035	Consulting	$30,406
CLASSICAL MARKETING LLC6+ years Service code 38 · EIN 36-4291764	Participant Communication	$24,994
RSVP DIRECT1 year Filed as: RSVP DIRECT INC Service code 38 · EIN 36-3964634	Participant Communication	$22,195
FUND DIRECT ADVISORS1 year Filed as: FUND EVALUATION GROUP LLC Service code 27 · EIN 01-0694771	Advisory (Plan)	$12,000
BANCO POPULAR DE PUERTO RICO4 years Service code 38 · EIN 66-0561870	Participant Communication	$8,000

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$4.0M

$54 / participant

Contract admin$302K7.6%
Other / not subdivided$4M92.4%

% of EOY assets

0.100%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,894

$49,890-42.1%

$104,625-72.4%

$106,273-72.8%

Participation rate

90.2%

45.0%+45.1pp

74.1%+16.1pp

70.8%+19.4pp

Annual return

10.09%

18.07%-8.0pp

340.60%-330.5pp

21.70%-11.6pp

Employer contribution / active EE

$915

$809+13.0%

$2,681-65.9%

$2,722-66.4%

Participant deferral / active EE

$2,356

$1,699+38.7%

$3,738-37.0%

$4,601-48.8%

Admin fee / account holder

$29

$56-48.6%

$6,465-99.6%

$78-63.1%

Provider

Service type

Compensation

MERRIL LYNCH1 year

Filed as: MERRIL LYNCH PIERCE FENNER & SMITH

Service code 64 · EIN 91-0781053

Recordkeeping Fees

$3,536,695

MACY'S CREDIT & CUSTOMER SERVICE6+ years

Filed as: MACYS CREDIT & CUSTOMER SERVICES

Service code 14 · EIN 31-1397510

Plan Administrator

$301,797

CLARKE LANZEN SKALLA INVESTMENT FIR1 year

Filed as: CLARKE SCHAEFER HACKETT

Service code 10 · EIN 31-0800053

Accounting

$36,500

ROCATON INVESTMENT ADVISORS, LLC6+ years

Filed as: ROCATON INVESTMENT ADVISORS

Service code 16 · EIN 04-3638035

Consulting

$30,406

CLASSICAL MARKETING LLC6+ years

Service code 38 · EIN 36-4291764

Participant Communication

$24,994

RSVP DIRECT1 year

Filed as: RSVP DIRECT INC

Service code 38 · EIN 36-3964634

Participant Communication

$22,195

FUND DIRECT ADVISORS1 year

Filed as: FUND EVALUATION GROUP LLC

Service code 27 · EIN 01-0694771

Advisory (Plan)

$12,000

BANCO POPULAR DE PUERTO RICO4 years

Service code 38 · EIN 66-0561870

Participant Communication

$8,000

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