Plan Snapshot
- Plan Sponsor: Metropolitan Corp.
- Sponsor EIN: 411832140
- Sponsor Address: 4350 BAKER RD., MINNETONKA, MN, 55343
- Plan Type: DC
- Total Participants: 374
- Total Assets: $29.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 374 | $29.1M | $0 | $1.8M |
| 2023 | 378 | $25.9M | $0 | $1.8M |
| 2022 | 347 | $23.4M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| THE OAK RIDGE FINANCIAL SERVICES | ADVISOR | $66,680 | — | $66,680 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $51,576 | — | $51,576 |
| BOMBERG HANSON & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BOMBERG HANSON & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,256
- Estimated Expense Ratio: 0.406% 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 | $118,106 | $66,680 | — | — | — |
| 2023 | $75,721 | $39,368 | — | — | — |
| 2022 | $7,970 | — | — | — | — |