Saks Incorporated 401(k) Plan (terminated 2018): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2018, when $543.2 million was transferred out of the plan. Assets moved to the HBC 401(K) RETIREMENT SAVINGS PLAN (sponsored by SAKS GLOBAL ENTERPRISES LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the HBC 401(K) RETIREMENT SAVINGS PLAN →Saks Incorporated 401(k) Login
Retirement plan providers can change. This information is from the plan's 2018 filing.
Saks Incorporated 401(k) Plan Facts (plan year 2018)
Source: Form 5500 for plan year 2018 (Jan 1, 2018 – Aug 31, 2018), filed Jun 17, 2019. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2018
- $21.8 million went into the plan in contributions, $4.38 million of it from the employer (20%).
- $48.5 million was paid out to participants.
- Investment and other income added $17.9 million.
How the Saks Incorporated 401(k) changed, 2013–2018
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2013 | 15,169 | $518.2 million | $7.27 million | $46.7 million |
| 2014 | 15,278 | $518.2 million | $6.81 million | $61.2 million |
| 2015 | 15,040 | $501.8 million | $7.25 million | $54.1 million |
| 2016 | 15,112 | $503.8 million | $6.68 million | $59.9 million |
| 2017 | 15,420 | $553.6 million | $6.44 million | $57.7 million |
| 2018 (final) | 14,513 | $0 | $4.38 million | $48.5 million |
Saks Incorporated 401(k) Contact Information
Questions about the Saks Incorporated 401(k)
Is the Saks Incorporated 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2018. Its assets were transferred to the HBC 401(K) RETIREMENT SAVINGS PLAN.
Does Saks Incorporated contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $4.38 million, 20% of all contributions.
Does the Saks Incorporated 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Saks Incorporated 401(k) plan?
14,513 participants at the start of plan year 2018.
Who manages the Saks Incorporated 401(k) accounts?
Principal is the plan's recordkeeper, which is where participants log in to see their balance.