Plan Ledger DOL Form 5500 · updated monthly

Staples, Inc.401(k)

STAPLES, INC. EMPLOYEES' 401(K) SAVINGS PLAN · FRAMINGHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Staples, Inc. reported $943,230 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $1,515 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 fell from 0.07% to 0.06%. 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 35th-largest of 2,726 plans among Massachusetts employers on file, and the 39th of 5,215 in retail trade. In 2024, employees put in $3.45 for every $1.00 the employer contributed; active participation has shrunk from 13,366 to 11,200 since 2022.

Plan summary
Net assets, end of year$1,515,709,317
Participants with balances17,455
Active participants11,200
Employer contributions$16,966,667
Employee contributions$58,469,200
Employer contribution per active participant$1,515
Average account balance$86,835
Benefits paid to participants$195,732,754
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.5B · 17,455 accts · $17.0M emplr
2023$1.4B · 19,202 accts · $17.7M emplr
2022$1.3B · 19,350 accts · $16.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$941,430
Total administrative$943,230
The Staples, Inc. 401(k) match · 2024
Employer contribution per active participant$1,515
Median for plans this size$5,259
2024$1,515 per active participant
2023$1,382 per active participant
2022$1,228 per active participant

Staples, 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.

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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$941,430
QDRO CONSULTANTS COMPANY, LLC · Consulting$1,800

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$943,230 · 0.06%
2023$914,849 · 0.07%
2022$1,014,670 · 0.07%
Same employer
Similar plansRetail Trade · Massachusetts
The Tjx Companies, Inc. MA$3.7B · 0.11%
Nutrien US LLC CO$2.0B · 0.09%
O'Reilly Automotive, Inc. MO$1.9B · 0.18%
Carmax, Inc. VA$1.8B · 0.06%
Meijer, Inc. MI$1.6B

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Source: U.S. Department of Labor, Form 5500 series, EIN 042896127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.