# Mcandersons INC. 401(k) Plan
Source: https://planprovider.pro/companies/mcanderson-s-inc-401k-plan

> Mcandersons INC.'s 401(k) plan: 409 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mcandersons INC.

- **Sponsor EIN:** 561080800

- **Sponsor Address:** 1508 MILITARY CUTOFF ROAD, STE 202, WILMINGTON, NC, 28403

- **Plan Type:** 401(k)

- **Total Participants:** 409

- **Total Assets:** $5.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|409|$5.4M|$128,736|$176,978|

| 2023|345|$5.6M|$145,277|$206,391|

| 2022|334|$4.7M|$143,416|$204,567|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PENSION CORPORATION OF AMERICA|NONE|$8,495|—|$8,495|

| PARSONS CPA, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PARSONS CPA, PLLC](https://planprovider.pro/provider/parsons-cpa-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $8,495

- **Estimated Expense Ratio:** 0.156% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$10,427|—|—|—|—|

| 2023|$13,207|—|—|—|—|

| 2022|$10,441|—|—|—|$10,441|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/mcanderson-s-inc-401k-plan)

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