Plan Snapshot
- Plan Sponsor: Board Of Trustees Metro-Ila Individual Account Retirement Plan
- Sponsor EIN: 223525303
- Sponsor Address: 301 ROUTE 17 NORTH, 7TH FLOOR, RUTHERFORD, NJ, 070702575
- Plan Type: DC
- Total Participants: 1,326
- Total Assets: $278.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,326 | $278.2M | $16.7M | $0 |
| 2023 | 1,613 | $243.6M | $15.9M | $0 |
| 2022 | 1,322 | $212.4M | $16.1M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JEROME BRANCATO | EMPLOYEE OF RELATED PLAN | $105,036 | — | $105,036 |
| GEORGE BUENO | EMPLOYEE OF RELATED PLAN | $46,279 | — | $46,279 |
| ANDREW CROSS | EMPLOYEE OF RELATED PLAN | $35,565 | — | $35,565 |
| TRACEY BIONDI | EMPLOYEE OF RELATED PLAN | $27,785 | — | $27,785 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS & | Auditor | $22,000 | — | $22,000 |
| WEAVER & TIDWELL, LLP | AUDITOR | $22,000 | — | $22,000 |
| MEDICUS IT, LLC | ADVISOR OF REL'D PLAN | $10,094 | — | $10,094 |
| ROBERT BOGUCKI | COUNSEL OF RELATED PLANS | $9,308 | — | $9,308 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS & — Auditor
- WEAVER & TIDWELL, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $278,067
- Estimated Expense Ratio: 0.100% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $529,369 | — | — | $22,000 | — |
| 2023 | $458,389 | — | — | $10,000 | — |
| 2022 | $460,151 | $760 | — | — | $70,125 |