Plan Ledger DOL Form 5500 · updated monthly

McDonough Corporation401(k)

MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN · SCOTTDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

McDonough Corporation reported $53,034 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $5,100 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 2 years on file its reported administrative ratio fell from 0.25% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 217th-largest of 1,285 plans among Arizona employers on file, and the 420th of 2,677 in transportation & warehousing. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$43,187,206
Participants with balances245
Active participants271
Employer contributions$1,382,143
Employee contributions$1,289,105
Employer contribution per active participant$5,100
Average account balance$176,274
Benefits paid to participants$6,047,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.2M · 245 accts · $1.4M emplr
2023$40.7M · 250 accts · $1.3M emplr
2022$33.6M · 239 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,404
Investment management$37,630
Total administrative$53,034
The McDonough Corporation 401(k) match · 2024
Employer contribution per active participant$5,100
Median for plans this size$2,416
2024$5,100 per active participant
2023$4,440 per active participant
2022$4,103 per active participant

McDonough Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NOVA 401(K) ASSOCIATES · Contract administrator$13,754
ADMINISTRATIVE FIDUCIARY SERVICES$3,875

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$53,034 · 0.13%
2023$52,295 · 0.14%
2022$91,362 · 0.25%
Same employer
Similar plansTransportation & Warehousing · Arizona
Ports America AZ$243.7M · 0.10%
Apl Logistics Americas, LTD AZ$174.7M · 0.25%
Mesa Air Group Inc AZ$109.9M · 0.36%
Priority Ambulance, LLC AZ$26.1M · 0.61%
Cvo Holding Company LLC AZ$24.2M · 0.14%
Cutter Holding Company AZ$16.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550757366 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.