Mccormick Paint Works Company 401(k) Plan: Login, Facts & Contact Information

Mccormick Paint Works Company 401(k) Plan Facts

Plan name
MCCORMICK PAINT WORKS COMPANY RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MCCORMICK PAINT WORKS COMPANY
Participants
246 (168 active employees)
Former employees with a balance
33
Plan assets
$6,994,503 at Sep 30, 2023
Average account balance
$60,822 across 115 accounts
Employer contributions
$153,239 in plan year 2022 (22% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Oct 1, 2022 – Sep 30, 2023
Plan established
Oct 1, 1970
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Oct 1, 2022 – Sep 30, 2023), filed Jun 14, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $686,085 went into the plan in contributions, $153,239 of it from the employer (22%).
  • $499,079 was paid out to participants.
  • Investment and other income added $738,590.
  • Administrative expenses were $36,335, about $316 per account.

How the Mccormick Paint Works Company 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017212$11.5 million$125,809$503,697
2018201$9.70 million$122,607$2.45 million
2019206$9.84 million$116,226$1.27 million
2020207$11.0 million$129,295$1.13 million
2021197$6.11 million$152,484$3.49 million
2022246$6.99 million$153,239$499,079

Mccormick Paint Works Company 401(k) Contact Information

Phone
301-770-3235
Mailing address
11200 ROCKVILLE PIKE SUITE 504, ROCKVILLE MD 20852
Plan sponsor
MCCORMICK PAINT WORKS COMPANY
Employer identification number (EIN)
53-0258979
Plan number
001

Questions about the Mccormick Paint Works Company 401(k)

Does Mccormick Paint Works Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $153,239, 22% of all contributions.

Does the Mccormick Paint Works Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Mccormick Paint Works Company 401(k) plan?

246 participants at the start of plan year 2022, 168 of them active employees, and 33 former employees who still had money in the plan.

What is the average 401(k) balance at Mccormick Paint Works Company?

About $60,822 per account: $6.99 million in plan assets across 115 accounts with a balance at the end of plan year 2022.

Who manages the Mccormick Paint Works Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Mccormick Paint Works Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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