What are the fees in the McKenzie Foods, Inc. 401(k) plan?

For plan year 2022, McKenzie Foods, Inc. reported $720 in plan administrative expenses, or 0.03% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the McKenzie Foods, Inc. 401(k) match?

In 2022, employer contributions to the McKenzie Foods, Inc. plan averaged $411 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the McKenzie Foods, Inc. 401(k)?

The average participant account balance was $41,545 for plan year 2022, based on 50 accounts.

McKenzie Foods, Inc.401(k)

Name: McKenzie Foods, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MCKENZIE RETIREMENT READINESS 401(K) PLAN · CARMEL, IN · plan year 2022

Reported admin expense ratio · 2022

0.03%

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

McKenzie Foods, Inc. reported $720 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $411 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Indiana (1,392nd of 1,562), and 1,429th of 2,240 in accommodation & food services. In 2022, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,077,246
Participants with balances50
Active participants132
Employer contributions$54,302
Employee contributions$114,662
Employer contribution per active participant$411
Average account balance$41,545
Benefits paid to participants$48,309
Plan auditUnmodified (clean) audit opinion
AuditorKATZ SAPPER & MILLER LLP

The McKenzie Foods, Inc. 401(k) match · 2022

Employer contribution per active participant$411

Median for plans this size$1,114

McKenzie Foods, Inc.'s 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$720 · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351726952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.