Plan Snapshot
- Plan Sponsor: Metropolitan Commercial Bank
- Sponsor EIN: 134047042
- Sponsor Address: 99 PARK AVENUE, NEW YORK, NY, 10016
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 439
- Total Assets: $43.7M
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. |
|---|---|---|---|---|
| 2025 | 439 | $43.7M | $0 | $0 |
| 2024 | 301 | $33.8M | $1.2M | $3.5M |
| 2023 | 273 | $25.9M | $979,201 | $3.1M |
| 2022 | 240 | $18.7M | $917,950 | $2.4M |
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 | $16,351 | — | $16,351 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $13,663 | — | $13,663 |
| MMA SECURITIES LLC | Investment Advisor | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,014
- Estimated Expense Ratio: 0.080% 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 |
|---|---|---|---|---|---|
| 2025 | $2,199,411 | $13,663 | — | — | — |
| 2024 | $18,294 | $7,078 | — | — | — |
| 2023 | $16,910 | $6,403 | — | — | — |
| 2022 | $6,279 | $3,611 | — | — | — |