Plan Snapshot
- Plan Sponsor: Metropolitan Enterprises
- Sponsor EIN: 383062222
- Sponsor Address: 2122 HEALTH DR SW STE 260, WYOMING, MI, 495199606
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $23.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 214 | $23.3M | $0 | $0 |
| 2023 | 220 | $21.5M | $0 | $0 |
| 2022 | 226 | $19.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $20,930 | — | $20,930 |
| ROCKEFELLER CAPITAL MANAGEMENT | INVESTMENT ADVISORY | $11,518 | $9 | $11,527 |
| HUNGERFORD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HUNGERFORD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,457
- Estimated Expense Ratio: 0.140% 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 | $36,502 | $15,571 | $20,931 | — | — |
| 2023 | $43,068 | $20,245 | $22,823 | — | — |
| 2022 | $37,092 | $12,144 | $24,948 | — | — |