Plan Ledger DOL Form 5500 · updated monthly

McDonald Gardens LLC401(k)

MCDONALD GARDENS LLC 401K PLAN · HAMPTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.39%

McDonald Gardens LLC reported $9,401 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. 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 2 years on file its reported administrative ratio rose from 0.33% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Virginia (2,028th of 2,266), and 4,474th of 5,215 in retail trade. active participation has grown from 136 to 173 since 2022.

Plan summary
Net assets, end of year$2,642,059
Participants with balances157
Active participants173
Employer contributions—
Employee contributions$186,113
Employer contribution per active participant—
Average account balance$16,828
Benefits paid to participants$112,808
Plan auditUnmodified (clean) audit opinion
AuditorCOLBY AND COMPANY PLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 157 accts
2023$2.2M · 138 accts
2022$1.6M · 133 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,401
Total administrative$9,401
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$6,354
ADP, INC. · Loan processing · Recordkeeping$3,046
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$9,401 · 0.39%
2023$6,622 · 0.35%
2022$6,269 · 0.33%
Similar plansRetail Trade · Virginia
Bonfire Funds Inc VA$3.2M · 1.51%
Marble Systems Inc VA$2.1M · 1.31%
Beamon & Johnson, Inc. VA$2.0M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 821638851 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.