McCormick & Company, Incorporated 401(k) match: 5% max
The McCormick 401(k) Retirement Plan · MKC · CIK 63754
Principal is the recordkeeper named on the Form 5500 filed for Mccormick 401(k) Retirement Plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
5%
McCormick & Company, Incorporated matches 100% (dollar-for-dollar) of the first 3% of pay, then 66.66% of the next 3% of pay, for a maximum employer match of 5% of pay.
From the Form 11-K filed June 17, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What McCormick puts in, and what the plan costs
What McCormick put into the plan, per active participant
$6,968
McCormick & Company, Incorporated put $6,968 into this plan for each of its 4,796 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
McCormick put in more per active participant than 92% of plans with 5,000+ participants in food, beverage and tobacco manufacturing. The middle plan in that group of 72 reported $2,804. Food, beverage and tobacco comes from business code 311900, which McCormick entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much McCormick pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 520408290, plan 004 · DOL EFAST2 ↗
The $6,968 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. McCormick & Company, Incorporated also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What McCormick puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company and participating subsidiaries provide a matching contribution equal to 100% of the first 3% of an employee’s contribution and 66-2/3% on the next 3% of the employee’s contribution. Matching Plan contributions are applied as employee contributions occur. Employees are automatically enrolled in the 401(k) plan at 2%; however, they can opt out or elect to change the percentage at any time. If the employee does not make a positive election to change the percentage, the contribution rate is increased by 1% per year (up to a maximum of 10% or the IRS contribution limit). McCormick also makes an annual profit sharing contribution of 3% of eligible earnings to participants’ accounts if participants are employed at the end of the Plan’s year end. The profit sharing contribution is applicable to all eligible employees.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their contributions, the Company match, and all related earnings. Any applicable 3% annual profit sharing and transition credit contributions vest when an employee has 3 years of service or reaches age 55, if sooner.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
87th percentile
$112.30 per participant in plan-paid administrative cost, more expensive than 87% of plans with 5,000+ participants.
What is McCormick's 401(k) match formula?
McCormick's 401(k) employer match tops out at 5% of pay. The match is deposited each payroll. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 100% (dollar-for-dollar) of the first 3% of pay |
|---|---|
| then | 66.66% of the next 3% of pay |
| Maximum employer match | 5% of compensation |
| Deposited | Each payroll |
| Other employer contribution | McCormick also makes an annual profit sharing contribution of 3% of eligible earnings to participants' accounts if participants are employed at the end of the Plan's year end. The profit sharing contribution is applicable to all eligible employees. |
At a $75,000 salary, contributing 6% ($4,500) earns the full employer match of $3,750 for the year.
What the filing says, word for word
“The Company and participating subsidiaries provide a matching contribution equal to 100% of the first 3% of an employee’s contribution and 66-2/3% on the next 3% of the employee’s contribution. Matching Plan contributions are applied as employee contributions occur. Employees are automatically enrolled in the 401(k) plan at 2%; however, they can opt out or elect to change the percentage at any time. If the employee does not make a positive election to change the percentage, the contribution rate is increased by 1% per year (up to a maximum of 10% or the IRS contribution limit). McCormick also makes an annual profit sharing contribution of 3% of eligible earnings to participants’ accounts if participants are employed at the end of the Plan’s year end. The profit sharing contribution is applicable to all eligible employees.”
Source: Form 11-K filed June 17, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is McCormick's 401(k) vesting schedule?
McCormick vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Any applicable 3% annual profit sharing and transition credit contributions vest when an employee has 3 years of service or reaches age 55, if sooner. |
Vesting, word for word
“Participants are immediately vested in their contributions, the Company match, and all related earnings. Any applicable 3% annual profit sharing and transition credit contributions vest when an employee has 3 years of service or reaches age 55, if sooner.”
Source: Form 11-K filed June 17, 2026, SEC EDGAR · SEC ↗
Who can join McCormick's 401(k), and is enrollment automatic?
McCormick enrolls new hires automatically at 2% of pay, rising 1% a year to 10% of pay.
| Excluded groups | The Plan is a defined contribution plan covering substantially all non-union U.S. employees of the Company and participating subsidiaries. |
|---|---|
| Automatic enrollment | Yes: default deferral 2% of pay; auto-escalation +1%/yr to 10%; default investment: age-appropriate target date fund |
Eligibility, word for word
“The Plan is a defined contribution plan covering substantially all non-union U.S. employees of the Company and participating subsidiaries.”
Automatic enrollment, word for word
“Employees are automatically enrolled in the 401(k) plan at 2%; however, they can opt out or elect to change the percentage at any time. If the employee does not make a positive election to change the percentage, the contribution rate is increased by 1% per year (up to a maximum of 10% or the IRS contribution limit).”
Source: Form 11-K filed June 17, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Principal, filed as “PRINCIPAL LIFE INSURANCE COMPANY”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer. The Form 5500 read here was filed for Mccormick 401(k) Retirement Plan.
5,239 plans on file name Principal as their recordkeeper. Of those, the 5,230 with a computable fee have a median plan-paid cost of $170.05 per participant.
Participants log in at Principal ↗. 401(k) Monitor is not affiliated with Principal or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Principal |
|---|---|
| Recordkeeper EIN | 420127290 |
What does the McCormick plan report on Form 5500?
The McCormick plan reported $968.2M in assets and 6,684 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Mccormick 401(k) Retirement Plan |
|---|---|
| Total plan assets | $968,188,962 |
| Participants | 6,684 |
| Plan-paid admin cost per participant | $112.30 |
How that cost compares
This plan pays $112.30 per participant. The median across plans in food, beverage and tobacco manufacturing is $108.05, from the 1,292 of 1,356 whose Form 5500 yields a per-participant cost.
Mccormick 401(k) Retirement Plan on its Form 5500 filing: fees, providers and financials
How does McCormick's 401(k) match compare?
McCormick & Company, Incorporated's maximum 401(k) match of 5% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in food, beverage and tobacco manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 6% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 4% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 5% of pay. Same recordkeeper, Principal.
Maximum match 6% of pay. Same recordkeeper, Principal.
Maximum match 4% of pay. Vests immediately too, like McCormick.
Compare McCormick & Company, Incorporated with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 17, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is McCormick & Company, Incorporated's 401(k) match?
McCormick & Company, Incorporated matches 100% (dollar-for-dollar) of the first 3% of pay, then 66.66% of the next 3% of pay, for a maximum employer match of 5% of compensation (plan year ended December 31, 2025).
When does the McCormick & Company, Incorporated 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does McCormick & Company, Incorporated's 401(k) plan have automatic enrollment?
Yes: default deferral 2% of pay; auto-escalation +1%/yr to 10%; default investment: age-appropriate target date fund.
Who is the recordkeeper for McCormick & Company, Incorporated's 401(k)?
Principal is named as the recordkeeper on the Form 5500 filed for Mccormick 401(k) Retirement Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that McCormick & Company, Incorporated filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | McCormick & Company, Incorporated |
| SEC CIK | 63754 |
| Accession number | 0000063754-26-000258 |
| Plan | The McCormick 401(k) Retirement Plan |
| Period of report | December 31, 2025 |
| Filed | June 17, 2026 |
401(k) Monitor is not affiliated with McCormick & Company, Incorporated, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “McCormick & Company, Incorporated 401(k) plan facts”, from SEC Form 11-K accession 0000063754-26-000258, plan year ended December 31, 2025.
