Plan Snapshot
- Plan Sponsor: Mccormick Equipment Company, INC.
- Sponsor EIN: 310674071
- Sponsor Address: 112 NORTHEAST DRIVE, LOVELAND, OH, 45140
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 202 | $24.4M | $448,203 | $2.0M |
| 2023 | 208 | $22.3M | $503,728 | $1.8M |
| 2022 | 184 | $18.2M | $417,661 | $1.5M |
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 |
|---|---|---|---|---|
| FIRST FINANCIAL BANK | NONE | $64,645 | — | $64,645 |
| STANCORP FINANCIAL GROUP | NONE | $43,272 | $4,518 | $47,790 |
| DEAN DORTON ALLEN FORD, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- DEAN DORTON ALLEN FORD, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,435
- Estimated Expense Ratio: 0.461% 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 | $107,921 | $64,645 | $43,276 | — | — |
| 2023 | $92,066 | $54,146 | $37,920 | — | — |
| 2022 | $113,380 | — | $113,380 | — | — |