Shoe Carnival 401(k) match, vesting and fees
What Shoe Carnival's 401(k) plan says about matching contributions
The Company may make discretionary matching contributions as determined annually by the Company's Board of Directors. For the years ended December 31, 2024 and 2023, the Company contributed a discretionary matching contribution equal to 50 percent of the first four percent of eligible compensation that a participant contributes to the Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 39 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's matching and discretionary contribution portion of their accounts is based on years of continuous service. A participant is 100 percent vested after three years of credited service. | Audit report, p. 40 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 reduced by the participant's highest outstanding loan balance during the one-year period ending on the day before a new loan is originated, or 50 percent of the participant's vested account balance, less any outstanding loans on the date the new loan is originated. The loans are secured by the balance in the participant’s account. The loan interest rate, determined quarterly, is set at two percent above the prime rate, as defined. | Audit report, p. 40 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Harding, Shymanski & Company, Psc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 479 defined-contribution plans in retail trade with 1,000 to 4,999 participants.
| Shoe Carnival: employer contribution per participant | $638 | |
| Peer median | $1,023 |
| Shoe Carnival: average balance | $47,900 | |
| Peer median | $43,395 |
| Shoe Carnival: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.23% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $57.3M at the end of plan year 2021 to $76.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,290 | $76.1M | $1M | $638 | 0.07% | Quoted in the audit report, p. 39 ↗ | Form 5500 ↗ |
| 2023 | 2,958 | $55.3M | $1.1M | $697 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 2,146 | $49.3M | $961K | $977 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 2,006 | $57.3M | $893K | $976 | 0.04% | Not published | Form 5500 ↗ |
Other Shoe Carnival plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Shoe Carnival, Inc. Puerto Rico Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Shoe Carnival match 401(k) contributions?
The audit report attached to the Shoe Carnival, Inc. Retirement Savings Plan's plan year 2024 Form 5500, page 39 says: “The Company may make discretionary matching contributions as determined annually by the Company's Board of Directors. For the years ended December 31, 2024 and 2023, the Company contributed a discretionary matching contribution equal to 50 percent of the first four percent of eligible compensation that a participant contributes to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Shoe Carnival 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 40 says: “Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's matching and discretionary contribution portion of their accounts is based on years of continuous service. A participant is 100 percent vested after three years of credited service.”
Who manages the Shoe Carnival 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Shoe Carnival, Inc..
I left Shoe Carnival. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Shoe Carnival, Inc., (812) 867-8323) or the recordkeeper, Principal Life Insurance Company. The Shoe Carnival old 401(k) page lists the contacts from every plan filing. Find an old Shoe Carnival 401(k)
Data from the public Form 5500 annual reports Shoe Carnival filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Shoe Carnival. Not financial advice. Report a correction · Methodology