Retirement plan

CALERES, INC. 401 (K) SAVINGS PLAN

Name: CALERES, INC. - CALERES, INC. 401 (K) SAVINGS PLAN (2023) Form 5500
Creator: CALERES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALERES, INC. 401 (K) SAVINGS PLAN, CALERES, INC.

CALERES, INC.EIN 43-0197190Plan #006PY 2023

8300 MARYLAND AVE - SAINT LOUIS, MO 631053645314-854-4000caleres.comLinkedIn10001+ employeesapparel & fashion

Other plans on this EIN

1 filing

#002Retirement-$343.7M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed December 18, 2023 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

8300 Maryland Ave.

St. Louis, MO 63105

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Plans declared (1)

Plan name not on file14 emp

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Total assets (EOY)

$265.5M

-6.3% from 2016

Total participants

3,402

+0.4% from 2016

Average account balance

$80,105

-4.6% from 2016

Annual return

21.05%

-18.37 pp from 2016

Benchmarks

See 376 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort376 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$276.46M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

3,240

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$230,127

Plan features & details

Pension benefit codes2E2H2J2K2T3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$230K

$99 / participant

Contract admin$230K100.0%

% of EOY assets

0.087%

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: GRANT THORNTON
Auditor EIN: 036605558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,105

$44,714+79.1%

$86,251-7.1%

$80,187-0.1%

Participation rate

96.2%

63.6%+32.6pp

69.0%+27.3pp

72.9%+23.3pp

Annual return

21.05%

19.62%+1.4pp

1170.54%-1149.5pp

40.40%-19.3pp

Employer contribution / active EE

$3,999

$1,102+262.9%

$2,381+67.9%

$2,980+34.2%

Participant deferral / active EE

$4,841

$2,773+74.5%

$3,987+21.4%

$5,016-3.5%

Admin fee / account holder

$69

$134-48.0%

$6,857-99.0%

$145-52.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$230,127

CALERES, INC. 401 (K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALERES, INC. 401 (K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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