Plan Snapshot
- Plan Sponsor: Metropolitan Security Services, INC Dba Walden Security
- Sponsor EIN: 621448519
- Sponsor Address: 100 EAST TENTH STREET, CHATTANOOGA, TN, 37402
- Plan Type: DC
- Total Participants: 5,608
- Total Assets: $202.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 5,608 | $202.5M | $39.7M | $23.1M |
| 2023 | 5,934 | $155.5M | $30.9M | $10.9M |
| 2022 | 7,269 | $105.0M | $23.7M | $6.9M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $300,357 | $159 | $300,516 |
| KESTRA INVESTMENT SERVICES, LLC | BROKER/DEALER | — | $88,687 | $88,687 |
| ERICKSON DEMEL & ASSOCIATES, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERICKSON DEMEL & ASSOCIATES, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $389,203
- Estimated Expense Ratio: 0.192% 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 | $1,361,041 | $15 | $1,352,176 | — | — |
| 2023 | $16,750 | — | — | $16,750 | — |
| 2022 | $14,000 | — | — | — | $14,000 |