Plan Snapshot
- Plan Sponsor: Metro National Corporation
- Sponsor EIN: 741949563
- Sponsor Address: 945 BUNKER HILL RD., HOUSTON, TX, 77024
- Plan Type: 401(k)
- Total Participants: 363
- Total Assets: $38.0M
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 | 363 | $38.0M | $1.3M | $1.9M |
| 2023 | 267 | $33.0M | $1.0M | $1.6M |
| 2022 | 251 | $28.7M | $697,024 | $1.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $44,146 | — | $44,146 |
| LEGACY ASSET MANAGEMENT INC | ADVISOR | $15,084 | — | $15,084 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $8,649 | — | $8,649 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,879
- Estimated Expense Ratio: 0.179% 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 | $69,381 | $25,235 | — | — | — |
| 2023 | $59,168 | $21,543 | — | — | — |
| 2022 | $61,602 | $9,071 | — | — | — |