Retirement plan

MCKINSEY & COMPANY, INC. (PSRP) PROFIT SHARING RETIREMENT PLAN

Name: MCKINSEY & COMPANY, INC. - MCKINSEY & COMPANY, INC. (PSRP) PROFIT SHARING RETIREMENT PLAN (2024) Form 5500
Creator: MCKINSEY & COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKINSEY & COMPANY, INC. (PSRP) PROFIT SHARING RETIREMENT PLAN, MCKINSEY & COMPANY, INC.

MCKINSEY & COMPANY, INC.EIN 13-1826332Plan #001PY 2024

175 GREENWICH STREET, THREE WORLD TRADE CENTER FL. 60-64 - NEW YORK, NY 10007212-446-7000LinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

2 filings

#015Retirement-$2.15B assets #012Retirement-$520.8M assets

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$9823.7M

+8.1% from 2023

Total participants

35,298

-2.2% from 2023

Average account balance

$282,079

+10.1% from 2023

Annual return

10.75%

-1.73 pp from 2023

Benchmarks

See 97 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort97 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$9.82B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$282K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

34,826

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$351.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$55

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC8 years Service code 13 · EIN 82-1061233 2 CITY PLACE DRIVE · ST LOUIS, MO 63141	Contract Administrator	$988,475
MCKINSEY & COMPANY INC.10+ years Filed as: MCKINSEY & COMPANY, INC. Service code 14 · EIN 13-1826332 711 THIRD AVENUE, 4TH FLOOR · NEW YORK, NY 10017	Plan Administrator	$506,490
MEKETA INVESTMENT GROUP6 years Service code 17 · EIN 04-2659023 100 LOWDER BROOK DRIVE SUITE 1100 · WESTWOOD, MA 02090	Pension Consulting	$187,367
THE BANK OF NEW YORK MELLON5 years Filed as: BANK OF NY MELLON Service code 18 · EIN 13-5160382 240 GREENWICH STREET · NEW YORK, NY 10286	Trustee (bank, trust company, or simi...	$124,827
GRANT THORNTON LLP7 years Filed as: GRANT THORNTON LLC Service code 10 · EIN 36-6055558 186 WOOD AVE S #4 · ISELIN, NJ 08830	Accounting	$83,800
XPS PENSION CONSULTING LTD3 years Service code 17	Pension Consulting	$82,856
PROSKAUER ROSE LLP2 years Filed as: PROKAUER ROSE LLP Service code 29 · EIN 13-1840454 ELEVEN TIMES SQUARE · NEW YORK, NY 100368299	Legal	$62,703
SC STONE CONSULTING5 years Service code 16 · EIN 84-3456753 610 N. MAIN STREET · BREESE, IL 62230	Consulting	$38,627
MERCER3 years Service code 17 · EIN 13-2834414	Pension Consulting	$20,749
JAMES A. REICHERT1 year Filed as: JAMES FARRELL Service code 20 175 GREENWICH STREET · NEW YORK, NY 10007	Trustee (individual); Direct payment ...	$12,238

Plan features & details

Pension benefit codes2E2H2J3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$129 / participant

Trustee / custodial$125K6.6%
Investment mgmt$187K9.9%
Legal$63K3.3%
Actuarial$21K1.1%
Salaries / allowances$506K26.6%
Other trustee fees$18K0.9%
Contract admin$988K52.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $83,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$282,079

$128,169+120.1%

$147,041+91.8%

$106,408+165.1%

Participation rate

96.8%

67.3%+29.5pp

82.2%+14.6pp

69.9%+26.9pp

Annual return

10.75%

17.88%-7.1pp

419.21%-408.5pp

17.37%-6.6pp

Employer contribution / active EE

$6,312

$3,374+87.0%

$4,935+27.9%

$3,361+87.8%

Participant deferral / active EE

$17,533

$7,665+128.8%

$8,071+117.2%

$5,567+215.0%

Admin fee / account holder

$55

$88-38.0%

$13,006-99.6%

$79-31.0%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC8 years

Service code 13 · EIN 82-1061233

2 CITY PLACE DRIVE · ST LOUIS, MO 63141

Contract Administrator

$988,475

MCKINSEY & COMPANY INC.10+ years

Filed as: MCKINSEY & COMPANY, INC.

Service code 14 · EIN 13-1826332

711 THIRD AVENUE, 4TH FLOOR · NEW YORK, NY 10017

Plan Administrator

$506,490

MEKETA INVESTMENT GROUP6 years

Service code 17 · EIN 04-2659023

100 LOWDER BROOK DRIVE SUITE 1100 · WESTWOOD, MA 02090

Pension Consulting

$187,367

THE BANK OF NEW YORK MELLON5 years

Filed as: BANK OF NY MELLON

Service code 18 · EIN 13-5160382

240 GREENWICH STREET · NEW YORK, NY 10286

Trustee (bank, trust company, or simi...

$124,827

GRANT THORNTON LLP7 years

Filed as: GRANT THORNTON LLC

Service code 10 · EIN 36-6055558

186 WOOD AVE S #4 · ISELIN, NJ 08830

Accounting

$83,800

XPS PENSION CONSULTING LTD3 years

Service code 17

Pension Consulting

$82,856

PROSKAUER ROSE LLP2 years

Filed as: PROKAUER ROSE LLP

Service code 29 · EIN 13-1840454

ELEVEN TIMES SQUARE · NEW YORK, NY 100368299

Legal

$62,703

SC STONE CONSULTING5 years

Service code 16 · EIN 84-3456753

610 N. MAIN STREET · BREESE, IL 62230

Consulting

$38,627

MERCER3 years

Service code 17 · EIN 13-2834414

Pension Consulting

$20,749

JAMES A. REICHERT1 year

Filed as: JAMES FARRELL

Service code 20

175 GREENWICH STREET · NEW YORK, NY 10007

Trustee (individual); Direct payment ...

$12,238

MCKINSEY & COMPANY, INC. (PSRP) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKINSEY & COMPANY, INC. (PSRP) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion