Mackay Communications 401(k) match, vesting and fees
What Mackay Communications' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Mackay Communications: employer contribution per participant | $634 | |
| Peer median | $1,988 |
| Mackay Communications: average balance | $84,839 | |
| Peer median | $75,431 |
| Mackay Communications: admin expenses ÷ assets | 0.37% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $14M at the end of plan year 2021 to $16M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 198 | $16M | $120K | $634 | 0.37% | Not published | Form 5500 ↗ |
| 2023 | 183 | $13.3M | $131K | $743 | 0.39% | Not published | Form 5500 ↗ |
| 2022 | 185 | $12.5M | $117K | $656 | 0.35% | Not published | Form 5500 ↗ |
| 2021 | 183 | $14M | $103K | $588 | 0.43% | Not published | Form 5500 ↗ |
Other Mackay Communications plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Mackay Communications, Inc. Employees' Pension Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Mackay Communications match 401(k) contributions?
The match terms for the Mackay Communications, Inc. Employee Retirement Savings Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $120K in employer contributions, about $634 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mackay Communications 401(k) match vested?
The vesting schedule for the Mackay Communications, Inc. Employee Retirement Savings Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mackay Communications 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Mackay Communications, Inc..
I left Mackay Communications. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mackay Communications, Inc., (919) 850-3007) or the recordkeeper, Principal Life Insurance Company. The Mackay Communications old 401(k) page lists the contacts from every plan filing. Find an old Mackay Communications 401(k)
Data from the public Form 5500 annual reports Mackay Communications filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mackay Communications. Not financial advice. Report a correction · Methodology