401(k) · DOL Form 5500 · 2023

Payless Shoesource, LLC 401(k) Plan

Data updated 2026-08-25

$66M
Total assets Below avg plan size
120
Participants Small participant base
88th
Percentile by assets National rank
$553,374
Avg per participant High balance/head
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Official DOL plan name: Payless 401(k) Profit Sharing Plan · Sponsored by Payless Shoesource, LLC · Kansas · Retail Trade

$66M in assets, 120 participants

Payless Shoesource, LLC's Payless 401(k) Profit Sharing Plan reported $66M in total assets and 120 participants in its 2023 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,869 in Retail Trade (8,414 peers)

Coverage in Kansas

Payless 401(k) Profit Sharing Plan covers 120 participants in Kansas, about 33% of the average Kansas filer (state average ~360 per filing). Assets: $66M.

#7,869
in Retail Trade (8,414 peers)
-12.9%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Payless 401(k) Profit Sharing Plan's outsized position by total assets

Payless 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$66,404,824 Top 12% higher than 88% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Payless 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Payless 401(k) Profit Sharing Plan sits mid-pack in the medium band (120 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Payless 401(k) Profit Sharing Plan reported net income rose from -$45M in the plan year 2022 filing to -$10M in the plan year 2023 filing.
  • Payless 401(k) Profit Sharing Plan reported participants fell from 152 in the plan year 2022 filing to 120 in the plan year 2023 filing.
  • Payless 401(k) Profit Sharing Plan end-of-year assets fell from $76M in the plan year 2022 filing to $66M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 480674097 · Payless Shoesource, LLC PY 2023 · 401(k)

Payless 401(k) Profit Sharing Plan · $66M · 120 · 88th

  • BOY $66M
  • SCH 120
  • EBSA 88th
  • PART 401(k)
  • TYPE near Citizens & Northern Corporation Savings & Retirement Plan
  • NET ind #7869

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Kansas →

Payless 401(k) Profit Sharing Plan in the asset neighbourhood

Citizens & Northern Corporation Savings & Retirement PlanCitizens & Northern Corporat…$66MCem Corporation Salary Reduction Profit Sharing PlanCem Corporation Salary Reduc…$66MSc&h Group, Inc. 401(k) Profit Sharing PlanSc&h Group, Inc. 401(k) Prof…$66MPayless 401(k) Profit Sharing PlanPayless 401(k) Profit Sharin…$66MKoss-Winn Bancshares, Inc. Employee Stock Ownership Plan with 401(k) ProvisionsKoss-Winn Bancshares, Inc. E…$66M
End-of-year total assets ($M) among Payless 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Kansas filing particulars

Total Assets (Beginning of Year)$76M
Net Assets (End of Year)$66M
Net Income-$10M
Employer EIN480674097
Plan Effective Date1996-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Payless Shoesource, LLC)

Sponsor-wide plan assets over time

All Payless Shoesource, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$66M 13.062944264395071% vs 2022
2024 filing year
$65M$70M$75M$80M 202220232024 $76.3M $66.3M ▼ -13.1%
Year Plans Participants Total Assets
2022 1 152 $76M
2023 1 120 $66M
2024 1 85 $66M

Nearby 401(k) Plans in Kansas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Payless 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Payless 401(k) Profit Sharing Plan, Total assets ($B): 0.066404824 · Participants: 120Payless 401(k) Profit Sharing PlanKoch Employees' Savings Plan, Total assets ($B): 3.870107696 · Participants: 11911Koch Employees' Savings PlanPerformance Contracting Group, Inc. ESOP/401(k) Plan, Total assets ($B): 2.90283952 · Participants: 1223Performance Contracting Group, Inc. ESOP/401(k) PlanBlack & Veatch Retirement Program, Total assets ($B): 2.732675203 · Participants: 6890Black & Veatch Retirement ProgramGarmin International, Inc. Retirement Plan, Total assets ($B): 1.784810901 · Participants: 6332Garmin International, Inc. Retirement PlanSpirit Aerosystems Holdings, Inc. Retirement & Savings Plan, Total assets ($B): 1.15584277 · Participants: 7704Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan
Payless 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants
Compare Payless 401(k) Profit Sharing Plan side-by-side with 3 peers →

Payless 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Kansas, the nearest 401(k) by assets is Citizens & Northern Corporation Savings & Retirement Plan in PA ($66M); by covered participants it is Southgroup 401(k) Plan in MS (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Payless 401(k) Profit Sharing Plan assets move in 2023? ▼
Payless 401(k) Profit Sharing Plan pulled back noticeably - down 12.9% during 2023, from $76M to $66M. Reported net income was -$10M.
How have Payless Shoesource, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Payless Shoesource, LLC's sponsor-wide assets declined 13.1%, from $76M to $66M.
Where does Payless 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Payless 401(k) Profit Sharing Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Payless 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Citizens & Northern Corporation Savings & Retirement Plan in PA ($66M, 423 participants).
Which 401(k) plans cover a similar participant headcount to Payless 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Southgroup 401(k) Plan in MS (120 participants, $13M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 480674097.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.