Payless Markets, Inc. 401(k) Plan: Login, Facts & Contact Information

Payless Markets, Inc. 401(k) Plan Facts

Plan name
PAYLESS MARKETS, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PAYLESS MARKETS, INC.
Participants
750 (721 active employees)
Former employees with a balance
29
Plan assets
$16,426,885 at Dec 31, 2024
Average account balance
$21,903 across 750 accounts
Employer contributions
$779,288 in plan year 2024 (38% of all contributions)
Recordkeeper
Asc Trust, Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2014
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.04 million went into the plan in contributions, $779,288 of it from the employer (38%).
  • $3.54 million was paid out to participants.
  • Investment and other income added $1.87 million.
  • Administrative expenses were $110,417, about $147 per account.

How the Payless Markets, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019753$12.4 million$697,622$1.20 million
2020805$14.7 million$652,977$1.01 million
2021837$16.6 million$723,592$1.75 million
2022757$14.1 million$691,494$1.68 million
2023782$16.2 million$647,298$1.83 million
2024750$16.4 million$779,288$3.54 million

Payless Markets, Inc. 401(k) Contact Information

Phone
671-477-9266
Mailing address
116 CHALAN SANTO PAPA STE 103 PM CALVO BLDG, HAGATNA GU 96910
Plan sponsor
PAYLESS MARKETS, INC.
Employer identification number (EIN)
98-0067166
Plan number
001

Questions about the Payless Markets, Inc. 401(k)

Does Payless Markets, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $779,288, 38% of all contributions.

Does the Payless Markets, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Payless Markets, Inc 401(k) plan?

750 participants at the start of plan year 2024, 721 of them active employees, and 29 former employees who still had money in the plan.

What is the average 401(k) balance at Payless Markets, Inc?

About $21,903 per account: $16.4 million in plan assets across 750 accounts with a balance at the end of plan year 2024.

Who manages the Payless Markets, Inc 401(k) accounts?

ASC TRUST, LLC is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Payless Markets, Inc. How do I access my 401(k)?

Your account stays with ASC TRUST, LLC after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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