# Metropolitan Alliance Of Connected Communities 401(k) Plan
Source: https://planprovider.pro/companies/metropolitan-alliance-of-connected-communities-401k-plan-002

> Metropolitan Alliance Of Connected Communities's 401(k) plan: 131 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Metropolitan Alliance Of Connected Communities

- **Sponsor EIN:** 411959688

- **Sponsor Address:** 3433 BROADWAY STREET NE, MINNEAPOLIS, MN, 55413

- **Plan Type:** 401(k)

- **Total Participants:** 131

- **Total Assets:** $2.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|131|$2.8M|$136,775|$243,735|

| 2023|161|$2.5M|$113,432|$263,220|

| 2022|160|$2.7M|$98,610|$226,482|

## 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|

| OLSEN THIELEN & CO.|Auditor|$15,101|—|$15,101|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,101

- **Estimated Expense Ratio:** 0.542% 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|$21,657|—|—|$15,101|—|

| 2023|$24,261|$5,320|—|$1,963|—|

| 2022|$23,174|$4,482|—|—|—|

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