Plan Snapshot
- Plan Sponsor: Metro Aviation, INC.
- Sponsor EIN: 720931049
- Sponsor Address: P O BOX 7008, SHREVEPORT, LA, 71137
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 826
- Total Assets: $1.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 826 | $1.5M | $21.8M | $70,811 |
| 2023 | 809 | $830,749 | $18.4M | $98,200 |
| 2022 | 747 | $1.7M | $16.9M | $51,171 |
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 |
|---|---|---|---|---|
| IMA, INC. | Recordkeeper | $809,129 | — | $809,129 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $809,129
- Estimated Expense Ratio: 55.135% 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 | $818,894 | — | $809,129 | — | — |
| 2023 | $761,973 | — | $754,295 | — | — |
| 2022 | $751,515 | — | $739,366 | — | — |