Plan Snapshot
- Plan Sponsor: Mccormick & Company, INC.
- Sponsor EIN: 520408290
- Sponsor Address: 24 SCHILLING ROAD, HUNT VALLEY, MD, 21031
- Plan Type: 401(k)
- Total Participants: 4,796
- Total Assets: $968.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,796 | $968.2M | $33.4M | $36.1M |
| 2023 | 4,616 | $870.7M | $29.7M | $33.6M |
| 2022 | 4,865 | $855.1M | $29.6M | $32.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $365,534 | — | $365,534 |
| MERCER INVESTMENTS LLC | INVESTMENT ADVISORY | $179,419 | — | $179,419 |
| COVINGTON & BURLINGTON | LEGAL | $92,299 | — | $92,299 |
| FUND EVALUATION GROUP | INVESTMENT ADVISORY | $45,637 | — | $45,637 |
| FIDUCIARY COUNSELORS INC | INVESTMENT ADVISORY | $35,000 | — | $35,000 |
| SB AND COMPANY, LLC | ACCOUNTANT | $20,381 | — | $20,381 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERCER INVESTMENTS LLC — INVESTMENT ADVISORY
- SB AND COMPANY, LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $738,270
- Estimated Expense Ratio: 0.076% 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 | $750,628 | $257,681 | $365,534 | $20,381 | — |
| 2023 | $766,092 | $106,337 | $412,821 | $19,905 | — |
| 2022 | $463,812 | $41,447 | $377,513 | — | $44,852 |