Plan Ledger DOL Form 5500 · updated monthly

Payless Shoesource, LLC401(k)

PAYLESS 401(K) PROFIT SHARING PLAN · TOPEKA, KS · plan year 2022

Reported admin expense ratio · 2022
0.12%

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

Payless Shoesource, LLC reported $117,881 in plan administrative expenses for 2022: 0.12% of average plan assets, below the peer median. Employer contributions averaged $0 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 2 years on file its reported administrative ratio rose from 0.12% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other retail trade employers. By assets it is the 86th-largest of 828 plans among Kansas employers on file, and the 469th of 5,215 in retail trade.

Plan summary
Net assets, end of year$76,262,723
Participants with balances4,059
Active participants120
Employer contributions$0
Employee contributions$633,959
Employer contribution per active participant$0
Average account balance$18,789
Benefits paid to participants$28,989,697
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.3M · 1,363 accts
2023$66.4M · 1,620 accts
2022$76.3M · 4,059 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$110,295
Investment management$7,586
Total administrative$117,881
The Payless Shoesource, LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$3,449

Payless Shoesource, LLC's 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$147,685 · 0.22%
2023$176,185 · 0.25%
2022$117,881 · 0.12%
Same employer
Similar plansRetail Trade · Kansas
Dillon Companies, LLC KS$259.8M · 0.05%
Four B Corp KS$55.7M · 0.44%
South Plains Implement, LTD KS$34.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480674097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.