Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › McCORMICK › plan 004
Mccormick 401(k) Retirement Plan
- Sponsor McCORMICK
- Plan number 004
- Plan year 2024
- $250M-1B in assets
- single-employer
Administrative expenses excluding investment management, per participant · Mccormick 401(k) Retirement Plan · plan year 2024
$83.65
Higher than 65% of the 2,324 plans $250M to 1B that report it.
Source
= $492,947 / 5,893
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714133422NAL0000724675001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714133422NAL0000724675001, received 2025-07-14
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-14.
Cost and contributions
Administrative expenses per participant
$127.38
Higher than 74% of the 2,405 plans $250M to 1B that report it.
Source
= $750,628 / 5,893
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714133422NAL0000724675001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714133422NAL0000724675001, received 2025-07-14
Administrative expenses as a share of assets
0.078%
Higher than 53% of the 2,407 plans $250M to 1B that report it.
Source
= $750,628 / $968,188,962
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714133422NAL0000724675001, received 2025-07-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714133422NAL0000724675001, received 2025-07-14
Employer contributions per participant
$5,671
Higher than 78% of the 2,457 plans $250M to 1B that report it.
Source
= $33,418,287 / 5,893
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714133422NAL0000724675001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714133422NAL0000724675001, received 2025-07-14
Employer share of total contributions
45.1%
Higher than 85% of the 2,459 plans $250M to 1B that report it.
Source
= $33,418,287 / $74,145,088
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714133422NAL0000724675001, received 2025-07-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714133422NAL0000724675001, received 2025-07-14
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250714133422NAL0000724675001, received 2025-07-14
Full record, Mccormick 401(k) Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MCCORMICK & COMPANY, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Plan name | MCCORMICK 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Sponsor EIN / plan number | 52-0408290 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Sponsor location | HUNT VALLEY, MD | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Industry (business code) | 311900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Filing received | 2025-07-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Participants, beginning of year | 6,684 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Active participants | 4,796 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Participants, end of year | 6,038 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Participants with an account balance | 5,893 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total assets, beginning of year | $870,718,021 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total assets, end of year | $968,188,962 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Net assets, end of year | $968,188,962 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total income | $196,755,736 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Net income | $97,470,941 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Employer contributions | $33,418,287 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Participant contributions | $36,133,927 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Other contributions (incl. rollovers) | $4,592,874 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total contributions | $74,145,088 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Benefit payments | $98,530,441 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total expenses (incl. benefit payments) | $99,284,795 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Total administrative expenses | $750,628 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Contract administrator fees | $365,534 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| IQPA audit fees | $20,381 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Investment advisory and management fees | $257,681 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Administrative expenses excluding investment management | $492,947 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Held in common/collective trusts | $534,877,219 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Held in mutual funds | $248,055,541 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250714133422NAL0000724675001, received 2025-07-14 |
| Independent auditor | SB & COMPANY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250714133422NAL0000724675001, received 2025-07-14 |
Position = column in the DOL layout for form year 2024. Filing 20250714133422NAL0000724675001, received 2025-07-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $365,534 | yes |
| MERCER INVESTMENTS LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $179,419 | no |
| COVINGTON & BURLINGTON | LEGAL | 29 Legal; 50 Direct payment from the plan | $92,299 | yes |
| FUND EVALUATION GROUP | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $45,637 | no |
| FIDUCIARY COUNSELORS INC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $35,000 | no |
| SB AND COMPANY, LLC | ACCOUNTANT | 10 Accounting (including auditing); 50 Direct payment from the plan | $20,381 | yes |
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 20250714133422NAL0000724675001, received 2025-07-14.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $870,718,021 | $968,188,962 | 11.2% |
| Participants with a balance | 6,027 | 5,893 | -2.2% |
| Administrative expenses | $766,092 | $750,628 | -2.0% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $29,679,928 | $33,418,287 | 12.6% |
Prior filing 20240626115514NAL0005408675001, received 2024-06-26; the plan years are contiguous.