Plan Snapshot
- Plan Sponsor: Metro Motors, LLC
- Sponsor EIN: 330388292
- Sponsor Address: 9399 AUTOPLEX ST, MONTCLAIR, CA, 917632300
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $4.8M
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 | 126 | $4.8M | $0 | $362,907 |
| 2023 | 118 | $4.5M | $0 | $439,762 |
| 2022 | 131 | $4.4M | $0 | $491,280 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $18,235 | — | $18,235 |
| FINANCIAL MANAGEMENT NETWORK INC | INVESTMENT ADVISORY | $9,584 | $15 | $9,599 |
| ROGERS, CLEM & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROGERS, CLEM & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,834
- Estimated Expense Ratio: 0.581% 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 | $27,827 | $9,591 | $18,236 | — | — |
| 2023 | $27,057 | $9,173 | $17,884 | — | — |
| 2022 | $30,690 | $11,174 | $19,516 | — | — |