Plan Ledger DOL Form 5500 · updated monthly

McKee Foods Corporation401(k)

MCKEE FOODS RETIREMENT PLAN · COLLEGEDALE, TN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

McKee Foods Corporation reported $888,444 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,068 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 0.10% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 29th-largest of 1,496 plans among Tennessee employers on file, and the 312th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,080,009,534
Participants with balances7,730
Active participants6,741
Employer contributions$27,420,079
Employee contributions$43,529,582
Employer contribution per active participant$4,068
Average account balance$139,717
Benefits paid to participants$113,290,242
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 7,730 accts · $27.4M emplr
2023$1.0B · 8,008 accts · $27.1M emplr
2022$955.8M · 8,188 accts · $26.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$653,142
Investment management$147,900
Total administrative$888,444
The McKee Foods Corporation 401(k) match · 2024
Employer contribution per active participant$4,068
Median for plans this size$5,259
2024$4,068 per active participant
2023$3,855 per active participant
2022$3,743 per active participant

McKee Foods Corporation's 2024 employer contribution ran below the $5,259 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL · Recordkeeping · Investment advisory (participants)$87,402
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$653,142
NEW ENGLAND PENSION CONSULTANTS INC · Investment management$147,900
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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
2024Principal
2023Charles Schwab

This plan has changed recordkeepers within these filings. If you left McKee Foods Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$888,444 · 0.09%
2023$1,127,118 · 0.11%
2022$937,920 · 0.10%
Same employer
Similar plansManufacturing · Tennessee
Ut-Battelle, LLC TN$1.8B · 0.03%
Smith and Nephew, Inc. TN$1.5B · 0.08%
Akzo Nobel Inc. TN$818.9M · 0.13%
Sylvamo North America, LLC TN$415.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620450611 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.