Plan Ledger DOL Form 5500 · updated monthly

McDonalds Corporation and Subsidiaries401(k) + ESOP (KSOP)

MCDONALD'S CORPORATION 401(K) PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

McDonalds Corporation and Subsidiaries reported $1,644,392 in plan administrative expenses for 2023: 0.04% of average plan assets, below the peer median. Employer contributions averaged $1,758 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 3 years on file its reported administrative ratio has held roughly steady near 0.047%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 24th-largest of 3,702 plans among Illinois employers on file, and the 2nd of 2,240 in accommodation & food services. In 2023, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,826,444,175
Participants with balances19,129
Active participants22,475
Employer contributions$39,503,364
Employee contributions$64,881,147
Employer contribution per active participant$1,758
Average account balance$200,034
Benefits paid to participants$430,518,704
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.7B · 18,131 accts · $43.1M emplr
2023$3.8B · 19,129 accts · $39.5M emplr
2022$3.6B · 19,273 accts · $38.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,300
Investment management$1,379,842
Trustee / custodial$261,250
Total administrative$1,644,392
The McDonalds Corporation and Subsidiaries 401(k) match · 2023
Employer contribution per active participant$1,758
Median for plans this size$5,237
2024$1,792 per active participant
2023$1,758 per active participant
2022$1,842 per active participant

McDonalds Corporation and Subsidiaries's 2023 employer contribution ran below the $5,237 median for plans its size, in the bottom quarter of its peers. 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 · 20237
ADVISED ASSETS GROUP, LLC · Investment advisory (participants)$630,432
AON HEWITT INVESTMENT CONSULTANTS · Investment advisory (plan)$574,946
GOLDMAN SACHS ASSET MANAGEMENT LP · Custodial (securities)$260,419
NORTHERN TRUST INVESTMENT INC · Investment management$90,964
FIDUCIARY COUNSELORS INC. · Investment management$69,750
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment management$13,750
STATE STREET GLOBAL ADVISOR TRUST C · Custodial (securities)$831

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

Administrative cost history3
2024$1,763,458 · 0.05%
2023$1,644,392 · 0.04%
2022$1,862,791 · 0.05%
Same employer
Similar plansAccommodation & Food Services · Illinois
Hyatt Corporation IL$2.5B · 0.05%
Compass Group USA, Inc. NC$2.5B · 0.22%
Sodexo, Inc. MD$2.4B · 0.33%
Grubhub Holdings Inc. IL$219.2M · 0.16%
Flying Food Fare, Inc. IL$87.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362361282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.