Plan Snapshot
- Plan Sponsor: Metropolitan Security Services, INC
- Sponsor EIN: 621448519
- Sponsor Address: 100 EAST 10TH STREET STE 400, CHATTANOOGA, TN, 37402
- Plan Type: 401(k)
- Total Participants: 4,128
- Total Assets: $4.3M
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 | 4,128 | $4.3M | $0 | $1.0M |
| 2023 | 2,959 | $3.0M | $0 | $564,803 |
| 2022 | 6,064 | $2.3M | $0 | $489,631 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES AD | SERVICE PROVIDER | — | $23,427 | $23,427 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $15,700 | $41 | $15,741 |
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES AD — SERVICE PROVIDER
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,168
- Estimated Expense Ratio: 0.910% 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 | $15,700 | — | $14,800 | — | — |
| 2023 | $5,398 | — | $4,798 | — | — |
| 2022 | $4,960 | — | — | — | — |