Plan Ledger DOL Form 5500 · updated monthly

McCue Corporation401(k)

MCCUE CORPORATION 401(K) PROFIT SHARING PLAN · DANVERS, MA · plan year 2023

Reported admin expense ratio · 2023
0.68%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

McCue Corporation reported $38,402 in plan administrative expenses for 2023: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,645 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.64% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (2,206th of 2,726), and 3,433rd of 4,246 in wholesale trade. In 2023, employees put in $2.92 for every $1.00 the employer contributed; active participation has grown from 86 to 106 since 2022.

Plan summary
Net assets, end of year$6,411,790
Participants with balances152
Active participants106
Employer contributions$174,333
Employee contributions$508,483
Employer contribution per active participant$1,645
Average account balance$42,183
Benefits paid to participants$169,407
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $194K emplr
2023$6.4M · 152 accts · $174K emplr
2022$4.9M · 124 accts · $170K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,691
Investment management$16,711
Total administrative$38,402
The McCue Corporation 401(k) match · 2023
Employer contribution per active participant$1,645
Median for plans this size$1,308
2023$1,645 per active participant
2022$1,974 per active participant

McCue Corporation's 2023 employer contribution ran above the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK USA · Recordkeeping · Investment management$21,691
SENTINEL PENSION ADVISORS · Investment advisory (participants) · Investment advisory (plan)$16,711

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$38,402 · 0.68%
2022$34,259 · 0.64%
Similar plansWholesale Trade · Massachusetts
Yankee Leisure Group MA$7.3M · 0.14%
Fresh American, LLC MA$6.8M · 0.63%
Mid City Steel Corp. MA$6.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043008265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.