Plan Ledger DOL Form 5500 · updated monthly

McNational, Inc.401(k)

MCNATIONAL 401(K) PLAN · SOUTH POINT, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

McNational, Inc. reported $28,707 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $837 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 3 years on file its reported administrative ratio has held roughly steady near 0.133%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,245th-largest of 3,295 plans among Ohio employers on file, and the 1,900th of 5,337 in construction. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 621 to 757 since 2022.

Plan summary
Net assets, end of year$21,812,713
Participants with balances733
Active participants757
Employer contributions$633,313
Employee contributions$1,614,233
Employer contribution per active participant$837
Average account balance$29,758
Benefits paid to participants$3,921,879
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY GALLOWAY SMITH GOOLSBY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 733 accts · $633K emplr
2023$21.4M · 711 accts · $577K emplr
2022$18.4M · 694 accts · $233K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,700
Investment management$19,407
Total administrative$28,707
The McNational, Inc. 401(k) match · 2024
Employer contribution per active participant$837
Median for plans this size$2,416
2024$837 per active participant
2023$718 per active participant
2022$374 per active participant

McNational, Inc.'s 2024 employer contribution ran below the $2,416 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

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
VOYA INSURANCE AND ANNUITY CO · Investment advisory (participants)$14,366
GLOBAL RETIREMENT PARTNERSindirect comp
CBIZ BENEFITS AND INSURANCE · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (plan)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$28,707 · 0.13%
2023$29,910 · 0.15%
2022$27,715 · 0.13%
Same employer
Similar plansConstruction · Ohio
Elford, Inc. OH$22.3M · 0.03%
Roth Bros., Inc. OH$22.0M · 0.45%
K. West Group, LLC OH$21.5M · 0.43%
Wmog, Inc. OH$19.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311235314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.