401k Plan data: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN plan

J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 401k Plan overview

Plan Name	J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN
Plan identification number	006

J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Puerto Rico Code.

401k Sponsoring company profile

PENNEY OPCO, LLC has sponsored the creation of one or more 401k plans.

Company Name: PENNEY OPCO, LLC

Employer identification number (EIN): 853718114

NAIC Classification: 452200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
006 2023-01-01 NANCY BENSON 2024-10-10
006 2022-01-01 DEWAYNE SMITH 2023-10-11
006 2021-01-01 GABRELLE MARTIN 2022-10-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
006	2023-01-01	NANCY BENSON	2024-10-10
006	2022-01-01	DEWAYNE SMITH	2023-10-11
006	2021-01-01	GABRELLE MARTIN	2022-10-06

Plan Statistics for J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN

401k plan membership statisitcs for J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN

Measure Date Value
2023: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 66,094
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 44,927
Number of retired or separated participants receiving benefits 2023-01-01 527
Number of other retired or separated participants entitled to future benefits 2023-01-01 17,225
Total of all active and inactive participants 2023-01-01 62,679
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 1,575
Total participants 2023-01-01 64,254
Number of participants with account balances 2023-01-01 38,738
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 2
2022: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 67,077
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 45,771
Number of retired or separated participants receiving benefits 2022-01-01 553
Number of other retired or separated participants entitled to future benefits 2022-01-01 18,258
Total of all active and inactive participants 2022-01-01 64,582
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1,555
Total participants 2022-01-01 66,137
Number of participants with account balances 2022-01-01 40,316
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 29,186
2021: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 49,027
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 46,248
Number of retired or separated participants receiving benefits 2021-01-01 30
Number of other retired or separated participants entitled to future benefits 2021-01-01 20,028
Total of all active and inactive participants 2021-01-01 66,306
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1,474
Total participants 2021-01-01 67,780
Number of participants with account balances 2021-01-01 42,414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 28,757

Measure	Date	Value
2023: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	66,094
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	44,927
Number of retired or separated participants receiving benefits	2023-01-01	527
Number of other retired or separated participants entitled to future benefits	2023-01-01	17,225
Total of all active and inactive participants	2023-01-01	62,679
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	1,575
Total participants	2023-01-01	64,254
Number of participants with account balances	2023-01-01	38,738
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	2
2022: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	67,077
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	45,771
Number of retired or separated participants receiving benefits	2022-01-01	553
Number of other retired or separated participants entitled to future benefits	2022-01-01	18,258
Total of all active and inactive participants	2022-01-01	64,582
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1,555
Total participants	2022-01-01	66,137
Number of participants with account balances	2022-01-01	40,316
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	29,186
2021: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	49,027
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	46,248
Number of retired or separated participants receiving benefits	2021-01-01	30
Number of other retired or separated participants entitled to future benefits	2021-01-01	20,028
Total of all active and inactive participants	2021-01-01	66,306
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1,474
Total participants	2021-01-01	67,780
Number of participants with account balances	2021-01-01	42,414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	28,757

Financial Data on J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN

Measure	Date	Value
2023 : J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$162,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$179,000
Total income from all sources (including contributions)	2023-12-31	$373,408,000
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$189,550,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$188,385,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$89,610,000
Value of total assets at end of year	2023-12-31	$2,055,193,000
Value of total assets at beginning of year	2023-12-31	$1,871,352,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$1,165,000
Total interest from all sources	2023-12-31	$1,921,000
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$20,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$57,162,000
Participant contributions at end of year	2023-12-31	$20,630,000
Participant contributions at beginning of year	2023-12-31	$20,016,000
Assets. Other investments not covered elsewhere at end of year	2023-12-31	$32,371,000
Assets. Other investments not covered elsewhere at beginning of year	2023-12-31	$30,268,000
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$252,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$154,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$162,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$179,000
Other income not declared elsewhere	2023-12-31	$5,651,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$183,858,000
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$2,055,031,000
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$1,871,173,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$1,165,000
Interest on participant loans	2023-12-31	$1,036,000
Interest earned on other investments	2023-12-31	$885,000
Value of interest in master investment trust accounts at end of year	2023-12-31	$2,001,332,000
Value of interest in master investment trust accounts at beginning of year	2023-12-31	$1,820,432,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$32,448,000
Employer contributions (assets) at end of year	2023-12-31	$608,000
Employer contributions (assets) at beginning of year	2023-12-31	$482,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$188,385,000
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	BAKER TILLY US, LLP
Accountancy firm EIN	2023-12-31	301413443
2022 : J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$179,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$372,000
Total income from all sources (including contributions)	2022-12-31	$-196,762,000
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$185,987,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$184,799,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$88,954,000
Value of total assets at end of year	2022-12-31	$1,871,352,000
Value of total assets at beginning of year	2022-12-31	$2,254,294,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,188,000
Total interest from all sources	2022-12-31	$1,443,000
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$20,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$56,553,000
Participant contributions at end of year	2022-12-31	$20,016,000
Participant contributions at beginning of year	2022-12-31	$23,349,000
Assets. Other investments not covered elsewhere at end of year	2022-12-31	$30,268,000
Assets. Other investments not covered elsewhere at beginning of year	2022-12-31	$41,039,000
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$154,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$179,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$179,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$372,000
Other income not declared elsewhere	2022-12-31	$-9,558,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-382,749,000
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,871,173,000
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$2,253,922,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$1,188,000
Interest on participant loans	2022-12-31	$884,000
Interest earned on other investments	2022-12-31	$559,000
Value of interest in master investment trust accounts at end of year	2022-12-31	$1,820,432,000
Value of interest in master investment trust accounts at beginning of year	2022-12-31	$2,189,353,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$32,401,000
Employer contributions (assets) at end of year	2022-12-31	$482,000
Employer contributions (assets) at beginning of year	2022-12-31	$374,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$184,799,000
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BAKER TILLY US, LLP
Accountancy firm EIN	2022-12-31	390859910
2021 : J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$1,668,031,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$372,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$85,000
Total income from all sources (including contributions)	2021-12-31	$132,538,000
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$96,409,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$96,183,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$61,450,000
Value of total assets at end of year	2021-12-31	$2,254,294,000
Value of total assets at beginning of year	2021-12-31	$549,847,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$226,000
Total interest from all sources	2021-12-31	$676,000
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$20,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$38,719,000
Participant contributions at end of year	2021-12-31	$23,349,000
Participant contributions at beginning of year	2021-12-31	$16,257,000
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$41,039,000
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$2,591,000
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$179,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$104,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$372,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$85,000
Other income not declared elsewhere	2021-12-31	$345,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$36,129,000
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$2,253,922,000
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$549,762,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$226,000
Interest on participant loans	2021-12-31	$641,000
Interest earned on other investments	2021-12-31	$35,000
Value of interest in master investment trust accounts at end of year	2021-12-31	$2,189,353,000
Value of interest in master investment trust accounts at beginning of year	2021-12-31	$530,363,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$22,731,000
Employer contributions (assets) at end of year	2021-12-31	$374,000
Employer contributions (assets) at beginning of year	2021-12-31	$532,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$96,183,000
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BAKER TILLY US, LLP
Accountancy firm EIN	2021-12-31	390859910

Form 5500 Responses for J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN

2023: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: J. C. PENNEY CORPORATION, INC. SAFE HARBOR 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	PENNEY OPCO, LLC
Employer identification number (EIN):	853718114
NAIC Classification:	452200