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: 197
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 197 | $1.2M | $460,253 | $260,937 |
| 2023 | 143 | $489,349 | $266,336 | $145,369 |
| 2022 | 56 | $62,540 | $25,160 | $28,739 |
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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | INVESTMENT ADVISORY | $30,226 | — | $30,226 |
| COVINGTON & BURLING LLP | LEGAL | $17,605 | — | $17,605 |
| SB AND COMPANY LLC | ACCOUNTANT | $14,000 | — | $14,000 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $7,195 | — | $7,195 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERCER INVESTMENTS LLC — INVESTMENT ADVISORY
- COVINGTON & BURLING LLP — LEGAL
- 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: $69,026
- Estimated Expense Ratio: 5.638% 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 | $69,025 | $30,226 | $7,195 | $14,000 | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |