401k Record

Employers › McKESSON

McKESSON 401(k)

Recordkeeping fees per participant · Mckesson Corporation 401(k) Retirement Savings Plan · plan year 2024

$21.65

Higher than 27% of the 790 plans over $1B that report it.

Source

= $869,968 / 40,177
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260115135138NAL0016465521001, received 2026-01-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260115135138NAL0016465521001, received 2026-01-15

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-04-01 to 2025-03-31, filing received 2026-01-15.

Cost and contributions

Administrative expenses excluding investment management, per participant

$28.26

10th: $9.43median $44.4790th: $97.55

Higher than 25% of the 1,045 plans over $1B that report it.

Source

= $1,135,491 / 40,177
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260115135138NAL0016465521001, received 2026-01-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260115135138NAL0016465521001, received 2026-01-15

Administrative expenses per participant

$28.52

10th: $24.33median $70.0390th: $174.36

Higher than 12% of the 1,076 plans over $1B that report it.

Source

= $1,145,827 / 40,177
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260115135138NAL0016465521001, received 2026-01-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260115135138NAL0016465521001, received 2026-01-15

Administrative expenses as a share of assets

0.020%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 17% of the 1,076 plans over $1B that report it.

Source

= $1,145,827 / $5,685,577,311
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260115135138NAL0016465521001, received 2026-01-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260115135138NAL0016465521001, received 2026-01-15

Employer contributions per participant

$2,517

10th: $1,442median $3,74490th: $8,760

Higher than 28% of the 1,135 plans over $1B that report it.

Source

= $101,113,729 / 40,177
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260115135138NAL0016465521001, received 2026-01-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260115135138NAL0016465521001, received 2026-01-15

Employer share of total contributions

28.1%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 34% of the 1,135 plans over $1B that report it.

Source

= $101,113,729 / $359,584,359
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260115135138NAL0016465521001, received 2026-01-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260115135138NAL0016465521001, received 2026-01-15

Plan terms, as stated in McKESSON CORPORATION's SEC filings

Employer match

“The Company makes matching contributions in an amount equal to 100% of the employee’s first 3% of pay contributed and 50% for the next 2% of pay contributed.”

Form 10-K filed 2026-05-08, for the year ended 2026-03-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2026-03-31. Figures cover plan year 2024. The plan document governs.

Plan features

2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2P · 2T default investment (QDIA) · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260115135138NAL0016465521001, received 2026-01-15

Full record, Mckesson Corporation 401(k) Retirement Savings Plan

FieldValueSource
Plan sponsorMCKESSON CORPORATIONForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260115135138NAL0016465521001, received 2026-01-15
Plan nameMCKESSON CORPORATION 401(K) RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20260115135138NAL0016465521001, received 2026-01-15
Sponsor EIN / plan number94-3207296 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260115135138NAL0016465521001, received 2026-01-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260115135138NAL0016465521001, received 2026-01-15
Sponsor locationIRVING, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260115135138NAL0016465521001, received 2026-01-15
Industry (business code)424210, Wholesale tradeForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20260115135138NAL0016465521001, received 2026-01-15
Plan year2024-04-01 to 2025-03-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260115135138NAL0016465521001, received 2026-01-15
Filing received2026-01-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260115135138NAL0016465521001, received 2026-01-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260115135138NAL0016465521001, received 2026-01-15
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20260115135138NAL0016465521001, received 2026-01-15
Participants, beginning of year41,104Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260115135138NAL0016465521001, received 2026-01-15
Active participants26,640Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260115135138NAL0016465521001, received 2026-01-15
Participants, end of year42,176Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260115135138NAL0016465521001, received 2026-01-15
Participants with an account balance40,177Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260115135138NAL0016465521001, received 2026-01-15
Total assets, beginning of year$5,558,756,562Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260115135138NAL0016465521001, received 2026-01-15
Total assets, end of year$5,685,577,311Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260115135138NAL0016465521001, received 2026-01-15
Net assets, end of year$5,681,168,507Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260115135138NAL0016465521001, received 2026-01-15
Total income$860,014,060Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260115135138NAL0016465521001, received 2026-01-15
Net income$126,505,806Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260115135138NAL0016465521001, received 2026-01-15
Employer contributions$101,113,729Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260115135138NAL0016465521001, received 2026-01-15
Participant contributions$218,906,177Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260115135138NAL0016465521001, received 2026-01-15
Other contributions (incl. rollovers)$39,564,453Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260115135138NAL0016465521001, received 2026-01-15
Total contributions$359,584,359Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260115135138NAL0016465521001, received 2026-01-15
Benefit payments$732,120,644Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260115135138NAL0016465521001, received 2026-01-15
Total expenses (incl. benefit payments)$733,508,254Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260115135138NAL0016465521001, received 2026-01-15
Total administrative expenses$1,145,827Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260115135138NAL0016465521001, received 2026-01-15
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20260115135138NAL0016465521001, received 2026-01-15
Recordkeeping fees$869,968Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260115135138NAL0016465521001, received 2026-01-15
IQPA audit fees$22,000Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20260115135138NAL0016465521001, received 2026-01-15
Investment advisory and management fees$10,336Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20260115135138NAL0016465521001, received 2026-01-15
Administrative expenses excluding investment management$1,135,491derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260115135138NAL0016465521001, received 2026-01-15
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20260115135138NAL0016465521001, received 2026-01-15
Held in common/collective trusts$3,913,392,362Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20260115135138NAL0016465521001, received 2026-01-15
Held in mutual funds$193,610,210Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260115135138NAL0016465521001, received 2026-01-15
Independent auditorCARR, RIGGS, & INGRAM LLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260115135138NAL0016465521001, received 2026-01-15

Position = column in the DOL layout for form year 2024. Filing 20260115135138NAL0016465521001, received 2026-01-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees $869,968yes
CARR RIGGS & INGRAM, LLCACCOUNTANT/AUDITOR 10 Accounting (including auditing) $22,000no
PARTNERCOMMCONSULTANT 16 Consulting (general) $10,336no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20260115135138NAL0016465521001, received 2026-01-15.

What changed since the 2023 plan year

Figure20232024Change
Total assets$5,558,756,562$5,685,577,3112.3%
Participants with a balance40,52840,177-0.9%
Administrative expenses$1,272,878$1,145,827-10.0%
Recordkeeping fees per participant$20.45$21.655.9%
Employer contributions$97,917,332$101,113,7293.3%

Prior filing 20250113154622NAL0018637937001, received 2025-01-13; the plan years are contiguous.

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Sponsor name as filed: MCKESSON CORPORATION; SEC registrant: MCKESSON CORP (CIK 927653, matched by EIN; display name from the Form 10-K cover).