Plan Snapshot
- Plan Sponsor: The Metro Group, INC.
- Sponsor EIN: 111076550
- Sponsor Address: 50-23 23RD STREET, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Total Participants: 367
- Total Assets: $18.5M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 367 | $18.5M | $259,798 | $1.3M |
| 2023 | 325 | $14.6M | $389,317 | $1.1M |
| 2022 | 291 | $12.5M | $389,053 | $1.0M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | INVESTMENT ADVISOR | $46,704 | — | $46,704 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,139 | — | $11,139 |
| ALLIANT INSURANCE SERVICES INC DBA | CONTRACT ADMIN | $5,276 | — | $5,276 |
| HCVT CPAS LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,119
- Estimated Expense Ratio: 0.342% 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 | $21,178 | — | $21,178 | — | — |
| 2023 | $27,691 | — | $27,691 | — | — |
| 2022 | $15,302 | — | $15,302 | — | — |