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

For plan year 2022, McSherr, Inc. reported $7,124 in plan administrative expenses, or 0.40% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

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

In 2022, employer contributions to the McSherr, Inc. plan averaged $213 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 McSherr, Inc. 401(k)?

The average participant account balance was $72,656 for plan year 2022, based on 23 accounts.

McSherr, Inc.401(k)

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

MCSHERR, INC. 401(K) PLAN · CENTERVILLE, IN · plan year 2022

Reported admin expense ratio · 2022

0.40%

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

McSherr, Inc. reported $7,124 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $213 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 health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,432nd of 1,562), and 10,325th of 11,911 in health care & social assistance. In 2022, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,671,088
Participants with balances23
Active participants136
Employer contributions$28,901
Employee contributions$80,416
Employer contribution per active participant$213
Average account balance$72,656
Benefits paid to participants$32,653
Plan auditUnmodified (clean) audit opinion
AuditorLEE CPA AUDIT GROUP

The McSherr, Inc. 401(k) match · 2022

Employer contribution per active participant$213

Median for plans this size$1,114

McSherr, 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$7,124 · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351686535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.