Employers › Macy's
Recordkeeping fees per participant · Macys Inc 401(k) Retirement Investment Plan · plan year 2024
$22.60
Higher than 29% of the 790 plans over $1B that report it.
= $2,819,000 / 124,743
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015134909NAL0009913170001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015134909NAL0009913170001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$27.40
Higher than 24% of the 1,045 plans over $1B that report it.
= $3,418,000 / 124,743
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015134909NAL0009913170001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015134909NAL0009913170001, received 2025-10-15
Administrative expenses per participant
$27.90
Higher than 12% of the 1,076 plans over $1B that report it.
= $3,480,000 / 124,743
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015134909NAL0009913170001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015134909NAL0009913170001, received 2025-10-15
Administrative expenses as a share of assets
0.075%
Higher than 75% of the 1,076 plans over $1B that report it.
= $3,480,000 / $4,635,407,000
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015134909NAL0009913170001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015134909NAL0009913170001, received 2025-10-15
Employer contributions per participant
$708
Higher than 3% of the 1,135 plans over $1B that report it.
= $88,306,000 / 124,743
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015134909NAL0009913170001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015134909NAL0009913170001, received 2025-10-15
Employer share of total contributions
27.4%
Higher than 31% of the 1,135 plans over $1B that report it.
= $88,306,000 / $322,536,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015134909NAL0009913170001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015134909NAL0009913170001, received 2025-10-15
96.7% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $3,247,000 ($53.93 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Employer match
“For the 2025 and 2024 Plan years, the contributions up to 6% of eligible compensation made by participants not eligible for pension credits were considered “basic savings” which were eligible for matching Company contributions.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“After one year of service of at least 1,000 hours and after reaching a minimum age of 21, all employees are eligible for participation under the Company-Match Eligible Program in the Plan.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Participants are immediately 100% vested in their own contributions and become 100% vested in the Company's contributions after 2 years of service. 100% vesting is also achieved through normal retirement, death or disability.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015134909NAL0009913170001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MACYS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Plan name | MACYS INC 401(K) RETIREMENT INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Sponsor EIN / plan number | 13-3324058 / 013 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Sponsor location | SPRINGDALE, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Industry (business code) | 452200, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Participants, beginning of year | 170,858 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Active participants | 103,247 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Participants, end of year | 163,125 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Participants with an account balance | 124,743 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total assets, beginning of year | $4,260,324,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total assets, end of year | $4,635,407,000 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Net assets, end of year | $4,634,530,000 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total income | $840,527,000 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Net income | $374,906,000 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Employer contributions | $88,306,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Participant contributions | $234,230,000 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total contributions | $322,536,000 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Benefit payments | $462,141,000 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $465,621,000 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Total administrative expenses | $3,480,000 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Recordkeeping fees | $2,819,000 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| IQPA audit fees | $48,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Investment advisory and management fees | $62,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Administrative expenses excluding investment management | $3,418,000 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Held in master trusts | $4,480,904,000 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015134909NAL0009913170001, received 2025-10-15 |
| Independent auditor | CLARK SCHAEFER HACKETT & CO. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015134909NAL0009913170001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015134909NAL0009913170001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITHrecordkeeper | NONE | 64 Recordkeeping fees | $2,818,934 | yes |
| MACY'S CREDIT & CUSTOMER SERVICE | PLAN ADM | 14 Plan administrator | $466,131 | no |
| ROCATON INVESTMENTS ADVISORS | NONE | 16 Consulting (general) | $50,000 | no |
| CLARK, SCHAEFER, HACKETT & CO | NONE | 10 Accounting (including auditing) | $47,800 | no |
| RSVP DIRECT INC | NONE | 38 Participant communication | $35,437 | no |
| CLASSICAL MARKETING LLC | NONE | 38 Participant communication | $25,523 | no |
| AON CONSULTING INC. | NONE | 16 Consulting (general) | $20,000 | no |
| FUND EVALUATION GROUP, LLC | NONE | 16 Consulting (general) | $12,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015134909NAL0009913170001, received 2025-10-15.
MACYS, INC. DC PLAN MT (EIN 133324058, PN 014): plan interest $4,480,904,000, 100.0% of the trust. The trust's own filing (20251015182817NAL0011027730001, received 2025-10-15) reports net assets $4,480,904,000, administrative expenses $3,247,000, recordkeeping fees not reported, investment management fees $1,845,000 and 9 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| VANGUARD | 52 | $975,486 | $975,486 |
| METLIFE MANAGEMENT | 52 | $679,469 | $679,469 |
| JP MORGAN INVESTOR SERVICES | 21 | $290,000 | $290,000 |
| LINCOLN PREMIER LIFE INSURANCE | 51 | $185,919 | $185,919 |
| PAYDEN & RYGEL INVESTMENT MGMT | 52 | $173,547 | $173,547 |
| VOYA RETIREMENT ISURANCE & ANNUITY | 52 | $129,410 | $129,410 |
| NEWPORT TRUST | 51 | $125,000 | $125,000 |
| PRUDENTIAL LIFE | 52 | $117,426 | $117,426 |
| GOLDMAN SACHS TRUST COMPANY, N.A. | 51 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $4,260,324,000 | $4,635,407,000 | 8.8% |
| Participants with a balance | 128,688 | 124,743 | -3.1% |
| Administrative expenses | $3,531,000 | $3,480,000 | -1.4% |
| Recordkeeping fees per participant | $22.67 | $22.60 | -0.3% |
| Employer contributions | $84,252,000 | $88,306,000 | 4.8% |
Prior filing 20241010111100NAL0011405027001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: MACYS, INC.; SEC registrant: Macy's, Inc. (CIK 794367, matched by EIN; display name from the Form 11-K cover).