Mckissock LLC 401(k) Review & Grade
Mckissock 401(k) Plan
Warren, PAEducational Services1,070 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,251Employer $ per active participant
$7,523Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$120.3MNet plan assets, end of year
$80,987Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost18.1 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 73th |
| Employee saving | 86th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,494 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mckissock put in about $4,251 per active participant, more than the typical peer ($1,225). 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 | $4,551,060 |
| Participant (employee) contributions | $8,053,634 |
| Other contributions (incl. rollovers in) | $2,523,333 |
| Administrative expenses paid from the plan | $106,637 |
| Other admin expenses | $106,637 |
| Benefits paid out | $8,914,338 |
| Net assets, start / end of year | $79.2M / $120.3M |
| Active participants, start / end of year | 915 / 1,226 |
| Participants with account balances | 1,486 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $110,737 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162849NAL0006767584001, received 2025-10-15, EIN 03-0537474, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.