Mckenney's, Inc. 401(k) Review & Grade
Mckenney's, Inc. and Affiliated Companies Profit Sharing and 401(k) Plan
Atlanta, GAConstruction1,696 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,396Employer $ per active participant
$3,597Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$129.3MNet plan assets, end of year
$121,314Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 68th |
| Employee saving | 45th |
| Peers that auto-enroll | 44% |
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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
- Mckenney's put in about $2,396 per active participant, more than the typical peer ($1,672). 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 | $4,064,831 |
| Participant (employee) contributions | $6,101,756 |
| Other contributions (incl. rollovers in) | $575,037 |
| Administrative expenses paid from the plan | $149,237 |
| Investment advisory & management fees | $97,139 |
| Benefits paid out | $4,322,645 |
| Net assets, start / end of year | $104.9M / $129.3M |
| Active participants, start / end of year | 1,629 / 1,764 |
| Participants with account balances | 1,066 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon |
Largest service providers (Schedule C)
| Voya Institutional Plan Services, L | $102,457 reported compensation |
| Morgan Stanley | $87,783 reported compensation |
| Voya Retirement Advisors, LLC | $30,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016083947NAL0003104931001, received 2025-10-16, EIN 58-0501197, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.