Plan Snapshot
- Plan Sponsor: Metro Brokers, INC.
- Sponsor EIN: 581354658
- Sponsor Address: 5775 GLENRIDGE DR NE STE D200, ATLANTA, GA, 30328
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 95 | $4.7M | $0 | $282,106 |
| 2023 | 97 | $4.5M | $0 | $272,404 |
| 2022 | 103 | $4.4M | $0 | $321,144 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $20,554 | — | $20,554 |
| NORTHWESTERN MUTUAL WEALTH MGMT CO | Investment Advisor | $13,630 | — | $13,630 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,184
- Estimated Expense Ratio: 0.731% 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 | $37,250 | $16,696 | — | — | — |
| 2023 | $27,062 | $11,002 | — | — | — |
| 2022 | $16,245 | $3,242 | $13,003 | — | — |