J. C. Penney Corporation, Inc. Safe Harbor 401(K) Savings Plan — Form 5500 plan (Penney Opco, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, J. C. Penney Corporation, Inc. Safe Harbor 401(K) Savings Plan is a benefit plan reported by Penney Opco, LLC under EIN 85-3718114 and plan number 006. The latest loaded filing year is 2023. The filing reports 66,094 participants and $2,055,193,000 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Penney Opco, LLC
EIN
85-3718114
Plan number
006
Plan type
2
Location
Plano, TX
Latest filing year
2023
Participants
66,094
End-of-year plan assets
$2,055,193,000

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202366,094H, C20241011044328NAL0037817392001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$2,055,193,000
Total liabilities (EOY)
$162,000
Net assets (EOY)
$2,055,031,000
Net assets (BOY)
$1,871,173,000

Income & contributions

Employer contributions
$32,448,000
Participant contributions
$57,162,000
Total contributions
$89,610,000
Total income / additions
$373,408,000

Expenses & distributions

Benefits paid
$188,385,000
Administrative expenses
$1,165,000
Total expenses
$189,550,000
Net increase / (decrease)
$183,858,000

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alight Financial Advisors, LLCNONE$1,165,000not reported in the loaded dataset2023
Pershing LLCNONE$0$17,1012023

Related Form 5500 pages