Plan Ledger DOL Form 5500 · updated monthly

Usr Parent Inc.401(k)

STAPLES US RETAIL 401(K) RETIREMENT PLAN · FRAMINGHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Usr Parent Inc. reported $513,881 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $559 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 0.17% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 140th-largest of 2,726 plans among Massachusetts employers on file, and the 133rd of 5,215 in retail trade. In 2024, employees put in $3.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$404,605,979
Participants with balances7,428
Active participants10,925
Employer contributions$6,103,927
Employee contributions$18,499,870
Employer contribution per active participant$559
Average account balance$54,470
Benefits paid to participants$50,456,624
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$404.6M · 7,428 accts · $6.1M emplr
2023$376.1M · 7,803 accts · $6.4M emplr
2022$318.1M · 8,686 accts · $6.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$462,981
Investment management$50,000
Total administrative$513,881
The Usr Parent Inc. 401(k) match · 2024
Employer contribution per active participant$559
Median for plans this size$4,294
2024$559 per active participant
2023$581 per active participant
2022$563 per active participant

Usr Parent Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$510,886
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$50,000
QDRO CONSULTANTS COMPANY, LLC · Consulting$900

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$513,881 · 0.13%
2023$565,544 · 0.16%
2022$601,540 · 0.17%
Same employer
Similar plansRetail Trade · Massachusetts
Ahold USA, Inc. MA$910.2M · 0.08%
Bj's Wholesale Club Inc MA$661.1M · 0.13%
Big Y Foods, Inc. MA$573.8M · 0.12%
Eg Retail (America) LLC MA$337.9M · 0.20%
The Talbots LLC MA$236.6M · 0.26%
W. B. Mason Co. Inc. MA$204.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821997669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.