MACYS INC 401(K) RETIREMENT INVESTMENT PLAN
Plan Contact
- Address: 145 PROGRESS PLACE,SPRINGDALE,OH
- Contact person: MATTHEW S. SCHROEDER
- Phone: (513) 782-1200
Plan General Information
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is $4,260,324,000.00.This plan was established in 1953.
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is 130388
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is $32,674.00
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is $1,641.00.
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is approximately $646.00
Investing in this additonal $646.00 for 20 years would give you extra $41,354.00, assuming a 10% annual return.
Investing in this additonal $646.00 for 20 years would give you extra $41,354.00, assuming a 10% annual return.
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, MACYS INC 401(K) RETIREMENT INVESTMENT PLAN allocates $84,252,000.00 to match its employees' contributions, providing an employer match rate of 37.32% of their contributions
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is 14.46%.
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is 16.07%. This measures the effectiveness of the plan participants' investments in the year.
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MACYS INC 401(K) RETIREMENT INVESTMENT PLAN is 0.08%.
Enrollment Features
MACYS INC 401(K) RETIREMENT INVESTMENT PLAN has the following features:Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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