# Metal Trades, INC. 401(k) Plan
Source: https://planprovider.pro/companies/metal-trades-inc-401k-plan

> Metal Trades, INC.'s 401(k) plan: 100 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Metal Trades, INC.

- **Sponsor EIN:** 570425362

- **Sponsor Address:** 4194 HIGHWAY 165, YONGES ISLAND, SC, 29449

- **Plan Type:** 401(k)

- **Total Participants:** 100

- **Total Assets:** $6.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|100|$6.0M|$249,776|$413,027|

| 2023|116|$6.3M|$245,132|$361,200|

| 2022|94|$5.4M|$217,451|$355,418|

## 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|

| SOUTH STATE RPS|NONE|$33,746|—|$33,746|

| DRAFFIN & TUCKER LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DRAFFIN & TUCKER LLC](https://planprovider.pro/provider/draffin-and-tucker) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $33,746

- **Estimated Expense Ratio:** 0.567% 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|$33,746|—|—|—|—|

| 2023|$33,463|—|—|—|—|

| 2022|$34,383|—|—|—|—|

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