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McKee Foods Retirement Plan
The McKee Foods Retirement Plan is the internal pension vehicle of McKee Foods Corporation, the Collegedale, Tennessee-based snack manufacturer founded in 1934...
McKee Foods Retirement Plan
The McKee Foods Retirement Plan is the internal pension vehicle of McKee Foods Corporation, the Collegedale, Tennessee-based snack manufacturer founded in 1934 by O.D. and Ruth McKee. The company remains privately held and family-operated, with fourth-generation family members active in leadership and operations. The plan provides 401(k) matching and deferred profit-sharing to employees of the bakery business that generates revenue from iconic snack brands including Little Debbie, Drake's Cakes, and Sunbelt Bakery. As an asset owner rather than a fund manager, the plan allocates capital solely for the benefit of McKee Foods employees. It is administered through Charles Schwab, indicating a platform-based, participant-directed structure rather than a direct institutional investment program. The plan's asset allocation, total AUM, and specific investment holdings are not publicly disclosed. Its investment posture is shaped entirely by ERISA fiduciary requirements and the conservative profile typical of a single-employer manufacturing pension. Plan administration is overseen by Andrew A. Lang, while the McKee family — including President Mike McKee, Executive Vice President Chris McKee, and fourth-generation members Brittany McKee and Lex McKee — maintains governance over the corporation that sponsors the plan. The McKee Foods Corporation also operates an employee recreation association and a corporate contributions program for philanthropy, reflecting the family's long-standing operational integration of employee welfare and community giving. The plan's structural differentiator is its identity as an embedded corporate pension of a large, private, multi-generational family business. It does not solicit outside capital, pursue third-party co-investments, or operate as an investment firm. Its sole purpose is retirement security for the workforce of a single family-owned manufacturer, making it a pure captive asset owner with no external investment mandate or fundraising pressure.
General information
Firm type
Pension Fund
Year founded
1934
Location
Region
North America
Country
United States
City
Collegedale
Corporate office
Collegedale, TN, United States
Principals
Andrew A. Lang
Plan Administrator
Mike McKee
President of McKee Foods Corporation
Sector focus
Frequently asked questions
Who runs investment decisions at the McKee Foods Retirement Plan?
The plan is administered through Charles Schwab, with plan administration oversight by Andrew A. Lang as Plan Administrator. Investment governance ultimately sits with the plan's fiduciary committee, which operates under ERISA and the sponsorship of McKee Foods Corporation, led by President Mike McKee. Specific investment decision-makers are not publicly identified.
Is the McKee Foods Retirement Plan a single-family office or a pension fund?
It is a corporate pension fund, not a family office. It provides retirement benefits exclusively to employees of McKee Foods Corporation. The McKee family's personal wealth is managed separately from this vehicle.
Does the McKee Foods Retirement Plan invest in private equity or direct deals?
The plan's specific asset allocation is not publicly disclosed. Given its structure as a 401(k) and profit-sharing plan administered through Charles Schwab, it is likely participant-directed with a menu of registered mutual funds and ETFs, not direct private equity commitments. No evidence of direct co-investments or alternative asset allocations has been publicly reported.
Where does the underlying capital of the plan come from?
Contributions come from McKee Foods Corporation employees and employer matching and profit-sharing contributions funded by the company. McKee Foods generates revenue from snack manufacturing and sales of brands including Little Debbie, Drake's Cakes, and Sunbelt Bakery.
How is the McKee Foods Retirement Plan related to the McKee family's other activities?
The plan is sponsored by McKee Foods Corporation, which is owned and operated by the McKee family. The family also maintains a corporate contributions program for philanthropy and an employee recreation association. There is no evidence that the family has a separate single-family office or investment vehicle beyond the corporation and its sponsored retirement plan.
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