Plan Ledger DOL Form 5500 · updated monthly

Shoe Carnival, Inc.401(k)

SHOE CARNIVAL, INC. RETIREMENT SAVINGS PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Shoe Carnival, Inc. reported $43,440 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $331 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 0.06% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 191st-largest of 1,562 plans among Indiana employers on file, and the 470th of 5,215 in retail trade. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has grown from 1,971 to 3,060 since 2022.

Plan summary
Net assets, end of year$76,112,487
Participants with balances1,589
Active participants3,060
Employer contributions$1,014,067
Employee contributions$3,462,750
Employer contribution per active participant$331
Average account balance$47,900
Benefits paid to participants$9,390,987
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI & COMPANY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$76.1M · 1,589 accts · $1.0M emplr
2023$55.3M · 1,529 accts · $1.1M emplr
2022$49.3M · 984 accts · $961K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,440
Total administrative$43,440
The Shoe Carnival, Inc. 401(k) match · 2024
Employer contribution per active participant$331
Median for plans this size$3,635
2024$331 per active participant
2023$386 per active participant
2022$488 per active participant

Shoe Carnival, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,439
OSAIC WEALTH INC · Other servicesindirect comp
W ENTERPRISES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$43,440 · 0.07%
2023$34,667 · 0.07%
2022$31,210 · 0.06%
Same employer
Similar plansRetail Trade · Indiana
Fullbeauty Brands, Inc. IN$123.3M · 0.12%
Sweetwater Sound, LLC IN$105.8M · 0.31%
The Finish Line, Inc. IN$100.9M · 0.40%
Tom Wood, Inc. IN$69.0M · 0.27%
Leep Enterprises, LLC IN$62.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351736614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.