Plan Ledger DOL Form 5500 · updated monthly

Payless Markets, Inc.401(k)

PAYLESS MARKETS, INC. 401(K) RETIREMENT SAVINGS PLAN · HAGATNA, GU · plan year 2024

Reported admin expense ratio · 2024
0.68%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Payless Markets, Inc. reported $110,417 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,081 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 9th-largest of 35 plans among GU employers on file, and the 1,765th of 5,215 in retail trade. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,426,885
Participants with balances750
Active participants721
Employer contributions$779,288
Employee contributions$1,258,979
Employer contribution per active participant$1,081
Average account balance$21,903
Benefits paid to participants$3,538,310
Plan auditUnmodified (clean) audit opinion
AuditorBURGER COMER MAGLIARI, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 750 accts · $779K emplr
2023$16.2M · 750 accts · $647K emplr
2022$14.1M · 732 accts · $691K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,417
Total administrative$110,417
The Payless Markets, Inc. 401(k) match · 2024
Employer contribution per active participant$1,081
Median for plans this size$2,416
2024$1,081 per active participant
2023$990 per active participant
2022$967 per active participant

Payless Markets, Inc.'s 2024 employer contribution ran below the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASC TRUST, LLC · Recordkeeping · Pension consulting$110,417

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ASC TRUST, LLC
2023ASC TRUST, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$110,417 · 0.68%
2023$100,760 · 0.67%
2022$100,466 · 0.65%
Similar plansRetail Trade · GU
Beisser's, Inc. IA$16.5M · 0.55%
Lewis Food Town, Inc. TX$16.4M · 0.58%
Simonson Properties Company MN$16.4M · 0.49%
Service Chevrolet, Inc. LA$16.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980067166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.