# The Metro Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-metro-group-inc-401k-plan

> The Metro Group, INC.&#39;s 401(k) plan: 367 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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