401k Record

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Staples 401(k)

Recordkeeping fees per participant · Staples, Inc. Employees' 401(k) Savings Plan · plan year 2024

$53.93

Higher than 88% of the 790 plans over $1B that report it.

Source

= $941,430 / 17,455
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015141451NAL0002429363001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015141451NAL0002429363001, received 2025-10-15

10th: $6.72median $34.2890th: $56.58

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.

Cost and contributions

Administrative expenses excluding investment management, per participant

$54.04

10th: $9.43median $44.4790th: $97.55

Higher than 64% of the 1,045 plans over $1B that report it.

Source

= $943,230 / 17,455
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015141451NAL0002429363001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015141451NAL0002429363001, received 2025-10-15

Administrative expenses per participant

$54.04

10th: $24.33median $70.0390th: $174.36

Higher than 34% of the 1,076 plans over $1B that report it.

Source

= $943,230 / 17,455
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015141451NAL0002429363001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015141451NAL0002429363001, received 2025-10-15

Administrative expenses as a share of assets

0.062%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 67% of the 1,076 plans over $1B that report it.

Source

= $943,230 / $1,515,709,317
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015141451NAL0002429363001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015141451NAL0002429363001, received 2025-10-15

Employer contributions per participant

$972

10th: $1,442median $3,74490th: $8,760

Higher than 5% of the 1,135 plans over $1B that report it.

Source

= $16,966,667 / 17,455
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015141451NAL0002429363001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015141451NAL0002429363001, received 2025-10-15

Employer share of total contributions

20.8%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 13% of the 1,135 plans over $1B that report it.

Source

= $16,966,667 / $81,761,232
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015141451NAL0002429363001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015141451NAL0002429363001, received 2025-10-15

Plan terms, as stated in Staples, Inc.'s SEC filings

Plan terms are described in Staples, Inc.'s SEC filings: Form 10-K filed 2017-03-09. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015141451NAL0002429363001, received 2025-10-15

Full record, Staples, Inc. Employees' 401(k) Savings Plan

FieldValueSource
Plan sponsorSTAPLES, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015141451NAL0002429363001, received 2025-10-15
Plan nameSTAPLES, INC. EMPLOYEES' 401(K) SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251015141451NAL0002429363001, received 2025-10-15
Sponsor EIN / plan number04-2896127 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015141451NAL0002429363001, received 2025-10-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015141451NAL0002429363001, received 2025-10-15
Sponsor locationFRAMINGHAM, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015141451NAL0002429363001, received 2025-10-15
Industry (business code)453210, Retail tradeForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015141451NAL0002429363001, received 2025-10-15
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015141451NAL0002429363001, received 2025-10-15
Filing received2025-10-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015141451NAL0002429363001, received 2025-10-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015141451NAL0002429363001, received 2025-10-15
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251015141451NAL0002429363001, received 2025-10-15
Participants, beginning of year20,120Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015141451NAL0002429363001, received 2025-10-15
Active participants11,200Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015141451NAL0002429363001, received 2025-10-15
Participants, end of year18,045Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015141451NAL0002429363001, received 2025-10-15
Participants with an account balance17,455Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015141451NAL0002429363001, received 2025-10-15
Total assets, beginning of year$1,429,615,856Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015141451NAL0002429363001, received 2025-10-15
Total assets, end of year$1,515,709,317Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015141451NAL0002429363001, received 2025-10-15
Net assets, end of year$1,515,709,317Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015141451NAL0002429363001, received 2025-10-15
Total income$283,250,204Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015141451NAL0002429363001, received 2025-10-15
Net income$86,093,461Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015141451NAL0002429363001, received 2025-10-15
Employer contributions$16,966,667Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015141451NAL0002429363001, received 2025-10-15
Participant contributions$58,469,200Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015141451NAL0002429363001, received 2025-10-15
Other contributions (incl. rollovers)$6,325,365Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015141451NAL0002429363001, received 2025-10-15
Total contributions$81,761,232Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015141451NAL0002429363001, received 2025-10-15
Benefit payments$195,732,754Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015141451NAL0002429363001, received 2025-10-15
Total expenses (incl. benefit payments)$197,156,743Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015141451NAL0002429363001, received 2025-10-15
Total administrative expenses$943,230Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015141451NAL0002429363001, received 2025-10-15
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015141451NAL0002429363001, received 2025-10-15
Recordkeeping fees$941,430Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015141451NAL0002429363001, received 2025-10-15
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015141451NAL0002429363001, received 2025-10-15
Investment advisory and management fees$0Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015141451NAL0002429363001, received 2025-10-15
Administrative expenses excluding investment management$943,230derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015141451NAL0002429363001, received 2025-10-15
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015141451NAL0002429363001, received 2025-10-15
Held in common/collective trusts$976,826,968Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015141451NAL0002429363001, received 2025-10-15
Held in mutual funds$345,040,488Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015141451NAL0002429363001, received 2025-10-15
Independent auditorERNST & YOUNG LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015141451NAL0002429363001, received 2025-10-15

Position = column in the DOL layout for form year 2024. Filing 20251015141451NAL0002429363001, received 2025-10-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ANNUITY INSURANCE COMPANY OrecordkeeperNONE 64 Recordkeeping fees; 15 Recordkeeping and information management; 37 Participant loan processing; 59 Shareholder servicing fees $941,430yes
QDRO CONSULTANTS COMPANY, LLCNONE 99 Other fees; 16 Consulting (general); 50 Direct payment from the plan $1,800no

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 20251015141451NAL0002429363001, received 2025-10-15.

What changed since the 2023 plan year

Figure20232024Change
Total assets$1,429,615,857$1,515,709,3176.0%
Participants with a balance19,20217,455-9.1%
Administrative expenses$914,849$943,2303.1%
Recordkeeping fees per participant$47.50$53.9313.5%
Employer contributions$17,689,721$16,966,667-4.1%

Prior filing 20241014162252NAL0013614115001, received 2024-10-14; the plan years are contiguous.

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Sponsor name as filed: STAPLES, INC.; SEC registrant: STAPLES INC (CIK 791519, matched by EIN).