McGinnis Wood Products Inc.401(k)
MCGINNIS WOOD PRODUCTS, INC. 401K PLAN · CUBA, MO · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
McGinnis Wood Products Inc. reported $41,953 in plan administrative expenses for 2022: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,172 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 fell from 0.69% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Missouri (1,047th of 1,393), and 10,794th of 13,661 in manufacturing. In 2022, employees put in $2.17 for every $1.00 the employer contributed.
McGinnis Wood Products Inc.'s 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 431233435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.