# Mckesson Corporation 401(k) Plan
Source: https://planprovider.pro/companies/mckesson-corporation-943207296-002

> Mckesson Corporation's 401(k) plan: 26,640 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mckesson Corporation

- **Sponsor EIN:** 943207296

- **Sponsor Address:** 6555 STATE HIGHWAY 161, IRVING, TX, 75039

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

- **Plan Number:** 002

- **Total Participants:** 26,640

- **Total Assets:** $5.7B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|26,640|$5.7B|$101.1M|$218.9M|

| 2023|25,981|$5.6B|$97.9M|$207.6M|

| 2022|26,345|$4.6B|$88.8M|$188.8M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|Recordkeeper|$869,968|—|$869,968|

| CARR RIGGS & INGRAM, LLC|Auditor|$22,000|—|$22,000|

| PARTNERCOMM|Other Service Provider|$10,336|—|$10,336|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $902,304

- **Estimated Expense Ratio:** 0.016% 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|$1,145,827|$10,336|—|$22,000|—|

| 2023|$1,272,878|$210,300|$1,800|—|—|

| 2022|$1,351,431|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/mckesson-corporation-943207296-002)

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