Form 5500 · Schedule H line 2i(12) · form year 2024

Mckesson Corporation

MCKESSON CORPORATION 401(K) RETIREMENT SAVINGS PLAN · EIN 943207296 · plan number 002
$28.52
Administrative expenses paid from plan assets, per participant, as the sponsor reported, for form year 2024. The denominator is 40,177 participants with account balances.
This is line 2i(12) of Schedule H only. It excludes fees netted inside fund expense ratios and fees the employer pays directly, which are not in that line and are therefore not in this figure.
Among plans of its size — 10,000–49,999 participants with account balances, 825 plans in that band across the whole dataset — this plan's reported figure is below the 10th percentile.
p10 $29.74p50 $64.32p90 $139.42

Percentiles are computed over all 52,836 qualifying plans in the form year 2024 dataset, not over the plans published here.

What the filing breaks out, and what it does not

Schedule H lineAs filed
Contract administrator fees$0
Investment management fees$10,336
Other administrative expenses$243,523
Not broken out into any of the lines above$891,968
Total administrative expenses (line 2i(12))$1,145,827

A blank line above means the sponsor did not report a figure for it, which is not the same as reporting zero. Where the named lines add up to less than the total, the difference is shown rather than left for the reader to work out.

The rest of what this filing reports

Participants with account balances40,177
Net plan assets, end of year$5,681,168,507
Employer contributions$101,113,729
Participant contributions$218,906,177
Late participant contributions remittednot reported
Named as a recordkeeper on Schedule CFIDELITY INVESTMENTS INSTITUTIONAL

The recordkeeper name is the free-text string the filer typed on Schedule C, reproduced verbatim and not normalised to any company's canonical name.

Check this against the filing

Every figure above was read from Mckesson Corporation’s own Form 5500 for form year 2024, EFAST2 acknowledgement ID 20260115135138NAL0016465521001, located 2026-08-30.

Open the filing (PDF)

The line itself is on the 2024 Schedule H form at line 2i(12), Total administrative expenses. If our number and the document disagree, the document is right and we want to know.

Plans of a similar size

Same size band, nearest reported figures. Size bands are the point: a plan with a few hundred people and one with a few hundred thousand are not comparable, and putting them side by side would imply they were.

Hobby Lobby Stores, INC.
$28.54 per participant
13,361 with balances
First-Citizens Bank & Trust Company
$28.73 per participant
19,718 with balances
Universal Services Of America, LP
$28.75 per participant
11,115 with balances
The Boston Consulting Group, INC.
$28.77 per participant
16,256 with balances
Piedmont Airlines, INC.
$28.84 per participant
13,730 with balances
Uc Health, LLC
$28.90 per participant
14,082 with balances

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