Overview

Plan Rating

BrightScope Rating
62
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (4)
Average in Peer Group (68)
Highest in Peer Group (93)

Plan Description

Macy's, Inc. 401k Retirement Investment Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Total Plan Cost. Macy's, Inc. 401k Retirement Investment Plan currently has over 164,300 active participants and over $4.0B in plan assets.

Did you know?

For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (62) and the top rated plan (93) could equate to:
19
Additional years of work
124,451
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 7 W 7th St
  • Location
    Cincinnati , OH
  • 45202
  • Industry
    Retail Trade
  • Administrator
    Matthew S. Schroeder
  • Net Plan Assets
    $3,970,000,000
  • Total Participants
    160,000
  • Avg Account Balance
    $27,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Design

Total Plan Cost:
Average Fees
Company Generosity:
Poor

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Poor
Account Balance:
Poor

Peer Group Plans

Company Rating
eBay 82.5
Insight Enterprises 73.8
FirstCash 60.4
Aaron's 57.5
Urban Outfitters 55.9
Big Lots 49.3

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

23

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 42%
34%
BNY Mellon Daily Liquidity Small Cap Stock Index 20%
N/A
Mellon Daily Liquidity Market Completion Fund 8%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Bank of America Merrill Lynch
Administration
Macy's Credit & Customer Service
Consultant
Rocaton Investment Associates
Consultant
Fund Evaluation Group, LLC
Auditor
Clark, Schaefer, Hackett & Co.

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question