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Mcdonalds 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $4.49bn of the $7.47bn in the Mcdonalds plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
The Mcdonalds 401(k) holds $7.47bn. Of the $4.49bn we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceMcdonalds’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| SUBTOTAL - COLLECTIVE TRUSTS | Collective trust or separate account | NONE | $1.94bn |
| SUBTOTAL - McDONALD'S CORPORATION STOCK | Not identified from the filing | Not counted either way | $1.44bn |
| McDonalds Corp Com | Employer stock | Voted by the plan trustee | $1.08bn |
| Mfb Nt Collective S&P500 Index Fund-Non Lending | Collective trust or separate account | NONE | $588m |
| McDonalds Corp Com | Employer stock | Voted by the plan trustee | $360m |
| MFO Aon Hewitt Collective Invt Tr Globalequity CL I | Collective trust or separate account | NONE | $338m |
| SUBTOTAL - SYNTHETIC GUARANTEED INVESTMENT CONTRACTS | Collective trust or separate account | NONE | $288m |
| NT Collective Extended Equity Index Fd -Nonlending | Collective trust or separate account | NONE | $173m |
| MFO Aon Hewitt Collective Invt TR INCOMECL I INCOME CL I | Collective trust or separate account | NONE | $171m |
| Mfb Nt Collective All Country World Ex-Us Imi Fund - Non Lending | Collective trust or separate account | NONE | $127m |
| Mfb Nt Collective Aggregate Bond Index Fund-Non Lending | Collective trust or separate account | NONE | $99m |
| Loomis Intermediate Gov/Credit Fund | Collective trust or separate account | NONE | $74m |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with Mcdonalds employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Mcdonalds; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 79.4% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.