Plan Snapshot
- Plan Sponsor: Metro Philly Management Solutions, LLC
- Sponsor EIN: 272207131
- Sponsor Address: 5004 STATE ROAD, DREXEL HILL, PA, 19026
- Plan Type: DC
- Total Participants: 725
- Total Assets: $10.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 725 | $10.6M | $493,217 | $834,281 |
| 2023 | 673 | $9.5M | $462,006 | $830,982 |
| 2022 | 678 | $7.9M | $475,142 | $697,605 |
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 |
|---|---|---|---|---|
| MERRILL LYCH | NONE | — | $130,532 | $130,532 |
| ASCENSUS LLC | NONE | $41,445 | — | $41,445 |
| FUTURE PLAN BY ASCENSUS | NONE | $21,591 | — | $21,591 |
| CITRIN COOPERMAN & CO. LLP | NONE | $17,500 | — | $17,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,068
- Estimated Expense Ratio: 1.999% 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 | $86,021 | — | $86,021 | — | — |
| 2023 | $82,853 | — | $82,853 | — | — |
| 2022 | $76,583 | $76,583 | — | — | — |