Plan Ledger DOL Form 5500 · updated monthly

McKing Consulting Corporation401(k)

MCKING CONSULTING CORPORATION 401(K) PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

McKing Consulting Corporation reported $1,798 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,927 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 rose from 0.012% to 0.013%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,168th of 2,266), and 6,502nd of 11,654 in professional & technical services. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,307,043
Participants with balances112
Active participants54
Employer contributions$266,073
Employee contributions$617,843
Employer contribution per active participant$4,927
Average account balance$136,670
Benefits paid to participants$713,042
Plan auditUnmodified (clean) audit opinion
AuditorFRYE & COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 112 accts · $266K emplr
2023$12.8M · 115 accts · $252K emplr
2022$10.8M · 122 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,798
Total administrative$1,798
The McKing Consulting Corporation 401(k) match · 2024
Employer contribution per active participant$4,927
Median for plans this size$2,416
2024$4,927 per active participant
2023$4,197 per active participant
2022$3,787 per active participant

McKing Consulting 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$1,798
GROVE POINT INVESTMENTS LLC · Other servicesindirect comp
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.

Administrative cost history3
2024$1,798 · 0.01%
2023$1,759 · 0.01%
2022$1,447 · 0.01%
Similar plansProfessional & Technical Services · Virginia
Parry Labs, LLC VA$15.7M · 1.07%
Illuminate Operations Inc. VA$15.4M · 0.43%
Arservices, Limited VA$15.1M · 0.47%
Distributed Solutions, Inc. VA$15.1M · 0.49%
Vion Corporation VA$15.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542006067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.