Plan Snapshot
- Plan Sponsor: Metropolitan Ministries, INC
- Sponsor EIN: 591477007
- Sponsor Address: 2002 NORTH FLORIDA AVENUE, TAMPA, FL, 33602
- Plan Type: 401(k)
- Total Participants: 302
- Total Assets: $8.3M
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 | 302 | $8.3M | $336,084 | $793,341 |
| 2023 | 294 | $6.7M | $296,797 | $723,413 |
| 2022 | 278 | $5.0M | $285,244 | $658,070 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $30,350 | — | $30,350 |
| WELLS FARGO ADVISORS LLC | Investment Advisor | $17,603 | — | $17,603 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,953
- Estimated Expense Ratio: 0.577% 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 | $52,291 | $21,941 | — | — | — |
| 2023 | $35,212 | $16,220 | — | — | — |
| 2022 | $32,177 | $10,090 | $22,087 | — | — |