Plan Ledger DOL Form 5500 · updated monthly

McKool Smith, a Professional Corporation401(k)

MCKOOL SMITH 401(K) SAVINGS PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

McKool Smith, a Professional Corporation reported $58,413 in plan administrative expenses for 2023: 0.06% of average plan assets, below the peer median. Employer contributions averaged $8,145 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 0.07% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 626th-largest of 5,688 plans among Texas employers on file, and the 1,423rd of 11,654 in professional & technical services. In 2023, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$106,450,928
Participants with balances365
Active participants240
Employer contributions$1,954,888
Employee contributions$3,295,183
Employer contribution per active participant$8,145
Average account balance$291,646
Benefits paid to participants$4,695,655
Plan auditUnmodified (clean) audit opinion
AuditorAFAIRCHILD LLC
Plan history2
Yearassets · accounts · employer contribution
2023$106.5M · 365 accts · $2.0M emplr
2022$83.1M · 367 accts · $1.9M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,413
Total administrative$58,413
The McKool Smith, a Professional Corporation 401(k) match · 2023
Employer contribution per active participant$8,145
Median for plans this size$3,659
2023$8,145 per active participant
2022$7,895 per active participant

McKool Smith, a Professional Corporation's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$58,413

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$58,413 · 0.06%
2022$58,165 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Texas
Eci Software Solutions, Inc. TX$111.4M · 0.15%
Quiddity Engineering, LLC TX$110.8M · 0.06%
Huitt-Zollars, Inc. TX$103.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752388013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.