Plan Snapshot
- Plan Sponsor: Us Metro Bank
- Sponsor EIN: 510579481
- Sponsor Address: 9866 GARDEN GROVE BOULEVARD, GARDEN GROVE, CA, 92844
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $13.8M
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 | 159 | $13.8M | $955,791 | $1.7M |
| 2023 | 148 | $9.7M | $702,230 | $1.3M |
| 2022 | 112 | $6.8M | $645,394 | $1.1M |
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 |
|---|---|---|---|---|
| ROYAL ALLIANCE ASSOCIATES, INC. | INVESTMENT/FINANCIAL ADVI | $15,561 | — | $15,561 |
| ADP, INC. | RECORD KEEPER | $15,530 | — | $15,530 |
| CKP, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROYAL ALLIANCE ASSOCIATES, INC. — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,091
- Estimated Expense Ratio: 0.225% 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 | $31,092 | $15,621 | — | — | — |
| 2023 | $8,223 | $2,605 | — | — | — |
| 2022 | $2,460 | $1,851 | $609 | — | — |