Mckinstry Co. LLC 401(k) Review & Grade
Mckinstry Co. Profit Sharing and 401(k) Plan
Seattle, WAConstruction1,360 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,968Employer $ per active participant
$11,686Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$251.6MNet plan assets, end of year
$130,846Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 74th |
| Employee saving | 98th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mckinstry Co. put in about $5,968 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,116,185 |
| Participant (employee) contributions | $15,892,954 |
| Other contributions (incl. rollovers in) | $3,143,725 |
| Administrative expenses paid from the plan | $230,434 |
| Investment advisory & management fees | $112,787 |
| Other admin expenses | $65 |
| Benefits paid out | $18,881,125 |
| Net assets, start / end of year | $214.6M / $251.6M |
| Active participants, start / end of year | 1,328 / 1,392 |
| Participants with account balances | 1,923 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Milliman | $117,581 reported compensation |
| Pacific Portfolio Consulting, LLC | $112,787 reported compensation |
| Charles Schwab Trust Bank | $45,110 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013160103NAL0000795923001, received 2025-10-13, EIN 20-4030425, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.