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THE MCCORMICK GROUP INC PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE MCCORMICK GROUP INC PROFIT SHARING PLAN
Plan identification number 001

THE MCCORMICK GROUP INC PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE MCCORMICK GROUP, INC has sponsored the creation of one or more 401k plans.

Company Name:THE MCCORMICK GROUP, INC
Employer identification number (EIN):541004778
NAIC Classification:561300

Additional information about THE MCCORMICK GROUP, INC

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1975-08-19
Company Identification Number: 0161114
Legal Registered Office Address: 1440 CENTRAL PARK BLVD, STE 207
1775 WIEHLE AVENUE STE 400
FREDERICKSBURG
United States of America (USA)
22401

More information about THE MCCORMICK GROUP, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE MCCORMICK GROUP INC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-09-01
0012022-09-01
0012021-09-01
0012020-09-01
0012019-09-01
0012018-09-01
0012017-09-01
0012016-09-01
0012015-09-01
0012014-09-01WILLIAM J MCCORMICK2015-12-03
0012013-09-01WILLIAM J MCCORMICK2015-02-16
0012012-09-01WILLIAM J MCCORMICK
0012011-09-01WILLIAM J MCCORMICK
0012009-09-01WILLIAM J MCCORMICK

Plan Statistics for THE MCCORMICK GROUP INC PROFIT SHARING PLAN

401k plan membership statisitcs for THE MCCORMICK GROUP INC PROFIT SHARING PLAN

Measure Date Value
2024: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-12-1029
Total number of particpants at end of year2024-12-1024
Number of Participants With Account Balances2024-12-1024
2012: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-09-0159
Total number of active participants reported on line 7a of the Form 55002012-09-0135
Number of retired or separated participants receiving benefits2012-09-013
Number of other retired or separated participants entitled to future benefits2012-09-0117
Total of all active and inactive participants2012-09-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-09-011
Total participants2012-09-0156
Number of participants with account balances2012-09-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-09-012
2011: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-09-0159
Total number of active participants reported on line 7a of the Form 55002011-09-0134
Number of retired or separated participants receiving benefits2011-09-014
Number of other retired or separated participants entitled to future benefits2011-09-0120
Total of all active and inactive participants2011-09-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-011
Total participants2011-09-0159
Number of participants with account balances2011-09-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-09-012
2009: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-0179
Total number of active participants reported on line 7a of the Form 55002009-09-0140
Number of retired or separated participants receiving benefits2009-09-0124
Number of other retired or separated participants entitled to future benefits2009-09-0142
Total of all active and inactive participants2009-09-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-09-010
Total participants2009-09-01106
Number of participants with account balances2009-09-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-0116

Financial Data on THE MCCORMICK GROUP INC PROFIT SHARING PLAN

Measure Date Value
2024 : THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-12-10486221
Net assets as of the end of the plan year2024-12-102962183
Total assets as of the beginning of the plan year2024-12-102786154
Value of plan covered by a fidelity bond2024-12-10300000
Participant contributions to plan in this plan year2024-12-1025784
Value of participant loans at end of plan year2024-12-10118038
Other income to plan in this plan year2024-12-10613659
Plan net income in this plan year2024-12-10176029
Net assets as of the end of the plan year2024-12-102962183
Net assets as of the beginning of the plan year2024-12-102786154
Employer contributions to plan in this plan year2024-12-1022807
Fees paid to broker by Benefit Provider2024-12-1040
Expensese paid to adminstrative service provicers from plan in this plan year2024-12-1018352
2013 : THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-08-31$-15,102
Expenses. Total of all expenses incurred2013-08-31$31,759
Benefits paid (including direct rollovers)2013-08-31$31,521
Total plan assets at end of year2013-08-31$1,994,606
Total plan assets at beginning of year2013-08-31$2,041,467
Value of fidelity bond covering the plan2013-08-31$250,000
Assets. Value of loans (other than to participants)2013-08-31$120,007
Other income received2013-08-31$-16,102
Net income (gross income less expenses)2013-08-31$-46,861
Net plan assets at end of year (total assets less liabilities)2013-08-31$1,994,606
Net plan assets at beginning of year (total assets less liabilities)2013-08-31$2,041,467
Total contributions received or receivable from employer(s)2013-08-31$1,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-08-31$238
2012 : THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-08-31$172,741
Expenses. Total of all expenses incurred2012-08-31$48,333
Benefits paid (including direct rollovers)2012-08-31$48,155
Total plan assets at end of year2012-08-31$2,041,467
Total plan assets at beginning of year2012-08-31$1,917,059
Value of fidelity bond covering the plan2012-08-31$250,000
Assets. Value of loans (other than to participants)2012-08-31$11,127
Other income received2012-08-31$162,741
Net income (gross income less expenses)2012-08-31$124,408
Net plan assets at end of year (total assets less liabilities)2012-08-31$2,041,467
Net plan assets at beginning of year (total assets less liabilities)2012-08-31$1,917,059
Total contributions received or receivable from employer(s)2012-08-31$10,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-31$178
2011 : THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-08-31$146,291
Expenses. Total of all expenses incurred2011-08-31$24,956
Benefits paid (including direct rollovers)2011-08-31$24,621
Total plan assets at end of year2011-08-31$1,917,059
Total plan assets at beginning of year2011-08-31$1,795,724
Value of fidelity bond covering the plan2011-08-31$200,000
Assets. Value of loans (other than to participants)2011-08-31$30,233
Other income received2011-08-31$106,291
Net income (gross income less expenses)2011-08-31$121,335
Net plan assets at end of year (total assets less liabilities)2011-08-31$1,917,059
Net plan assets at beginning of year (total assets less liabilities)2011-08-31$1,795,724
Total contributions received or receivable from employer(s)2011-08-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-08-31$335

Form 5500 Responses for THE MCCORMICK GROUP INC PROFIT SHARING PLAN

2012: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2012 form 5500 responses
2012-09-01Type of plan entitySingle employer plan
2012-09-01Plan funding arrangement – TrustYes
2012-09-01Plan benefit arrangement - TrustYes
2011: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2011 form 5500 responses
2011-09-01Type of plan entitySingle employer plan
2011-09-01Plan funding arrangement – TrustYes
2011-09-01Plan benefit arrangement - TrustYes
2009: THE MCCORMICK GROUP INC PROFIT SHARING PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement - TrustYes

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