Mckee Foods Corporation 401(k) Review & Grade
Mckee Foods Retirement Plan
Collegedale, TNManufacturing6,876 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,988Employer $ per active participant
$6,331Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$139,717Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 62th |
| Employee saving | 53th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mckee Foods put in about $3,988 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 | $27,420,079 |
| Participant (employee) contributions | $43,529,582 |
| Other contributions (incl. rollovers in) | $3,062,625 |
| Administrative expenses paid from the plan | $888,444 |
| Contract administrator fees | $653,142 |
| Investment advisory & management fees | $147,900 |
| Other admin expenses | $87,402 |
| Benefits paid out | $113,290,242 |
| Net assets, start / end of year | $1.0B / $1.1B |
| Active participants, start / end of year | 7,011 / 6,741 |
| Participants with account balances | 7,730 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Elliot Davis, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $653,142 reported compensation |
| New England Pension Consultants Inc | $147,900 reported compensation |
| Principal | $87,402 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415103322NAL0011714403001, received 2026-04-15, EIN 62-0450611, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.