Plan Snapshot
- Plan Sponsor: Metropolitan Foods INC
- Sponsor EIN: 223482240
- Sponsor Address: 6 WESTBELT, WAYNE, NJ, 07470
- Plan Type: 401(k)
- Total Participants: 759
- Total Assets: $23.6M
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 | 759 | $23.6M | $527,235 | $2.8M |
| 2023 | 745 | $18.6M | $471,575 | $2.5M |
| 2022 | 674 | $14.2M | $370,101 | $1.9M |
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 |
|---|---|---|---|---|
| DORFMAN, ABRAMS AND MUSIC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $126,314 | — | $126,314 | — | — |
| 2023 | $107,882 | — | $107,882 | — | — |
| 2022 | $94,896 | — | — | — | $94,896 |