Mccain Foods USA, Inc. 401(k) Review & Grade
Mccain Foods USA, Inc. Retirement Plan
Oakbrook Terrace, ILManufacturing4,458 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,758Employer $ per active participant
$5,463Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$724.1MNet plan assets, end of year
$107,516Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 63th |
| Employee saving | 43th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,641 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mccain Foods USA put in about $6,758 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $30,126,531 |
| Participant (employee) contributions | $24,352,907 |
| Other contributions (incl. rollovers in) | $2,327,464 |
| Administrative expenses paid from the plan | $573,889 |
| Other admin expenses | $573,889 |
| Benefits paid out | $76,178,832 |
| Net assets, start / end of year | $656.0M / $724.1M |
| Active participants, start / end of year | 4,438 / 4,478 |
| Participants with account balances | 6,735 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhouse Coopers, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $355,810 reported compensation |
| Vanguard Advisers Inc. | $260,428 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014093205NAL0001172115001, received 2025-10-14, EIN 01-0338597, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.