Plan Ledger DOL Form 5500 · updated monthly

Kohl's Inc.401(k)

KOHL'S INC. SAVINGS PLAN · MENOMONEE FALLS, WI · plan year 2024

Employer contribution per participant · 2024
$1,053

Kohl's Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,282,356,913 across 37,444 participant accounts, with employer contributions averaging $1,053 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other retail trade employers. By assets it is the 12th-largest of 1,936 plans among Wisconsin employers on file, and the 29th of 5,215 in retail trade. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,282,356,913
Participants with balances37,444
Active participants51,956
Employer contributions$54,719,832
Employee contributions$98,812,720
Employer contribution per active participant$1,053
Average account balance$60,954
Benefits paid to participants$202,329,412
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.3B · 37,444 accts · $54.7M emplr
2023$2.0B · 38,587 accts · $53.7M emplr
2022$1.8B · 39,454 accts · $51.5M emplr
The Kohl's Inc. 401(k) match · 2024
Employer contribution per active participant$1,053
Median for plans this size$5,259
2024$1,053 per active participant
2023$973 per active participant
2022$937 per active participant

Kohl's Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansRetail Trade · Wisconsin
Dillard's, Inc. AR$3.0B · 0.08%
Gap Inc. CA$2.6B · 0.06%
Whole Foods Market, Inc. TX$2.4B · 0.19%
Cdw LLC IL$2.3B · 0.03%
Penney Opco, LLC TX$2.2B · 0.06%
Aldi Inc. IL$2.1B · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133357362 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.