Genuine Mccarthy Enterprises, Inc. 401(k) Review & Grade
Mccarthy Employee Retirement Savings Plan
ST. Louis, MOConstruction5,444 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,773Employer $ per active participant
$9,170Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$701.1MNet plan assets, end of year
$107,937Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 52th |
| Employee saving | 87th |
| Peers that auto-enroll | 57% |
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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
- Genuine Mccarthy Enterprises put in about $4,773 per active participant, more than the typical peer ($1,965). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $25,979,655 |
| Participant (employee) contributions | $49,917,657 |
| Other contributions (incl. rollovers in) | $11,217,063 |
| Administrative expenses paid from the plan | $743,806 |
| Contract administrator fees | $383,481 |
| Investment advisory & management fees | $360,325 |
| Benefits paid out | $51,607,063 |
| Net assets, start / end of year | $581.4M / $701.1M |
| Active participants, start / end of year | 5,356 / 5,531 |
| Participants with account balances | 6,495 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $425,193 reported compensation |
| Mercer Investments LLC | $360,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922101602NAL0006555587001, received 2025-09-22, EIN 85-1145093, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.