Retirement plan

METROPOLITAN ENTERPRISES 401(K) PLAN

Name: METROPOLITAN ENTERPRISES - METROPOLITAN ENTERPRISES 401(K) PLAN (2024) Form 5500
Creator: METROPOLITAN ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN ENTERPRISES 401(K) PLAN, METROPOLITAN ENTERPRISES

METROPOLITAN ENTERPRISESEIN 38-3062222Plan #001PY 2024

2122 HEALTH DR SW STE 260 - WYOMING, MI 495199606616-252-7115

Prospect flagsLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$23.3M

+8.4% from 2023

Total participants

293

-6.7% from 2023

Average account balance

$88,755

+17.0% from 2023

Annual return

10.59%

-2.64 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$23.25M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

262

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.59%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$139

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$20,930
ROCKEFELLER FINANCIAL LLC1 year Filed as: ROCKEFELLER CAPITAL MANAGEMENT Service code 27 · EIN 82-3226180	Advisory (Plan)	$11,518

Plan features & details

Pension benefit codes2E2G2J2K2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$37K

$171 / participant

Investment mgmt$16K42.7%
Contract admin$21K57.3%

% of EOY assets

0.157%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HUNGERFORD
Auditor EIN: 382184825
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,755

$55,470+60.0%

$155,556-42.9%

$74,478+19.2%

Participation rate

85.5%

61.9%+23.6pp

78.2%+7.3pp

67.2%+18.3pp

Annual return

10.59%

269.80%-259.2pp

64.84%-54.2pp

1370.56%-1360.0pp

Employer contribution / active EE

$2,267-100.0%

$4,675-100.0%

$2,626-100.0%

Participant deferral / active EE

$2,838-100.0%

$5,631-100.0%

$4,350-100.0%

Admin fee / account holder

$139

$1,744-92.0%

$15,885-99.1%

$1,946-92.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$20,930

ROCKEFELLER FINANCIAL LLC1 year

Filed as: ROCKEFELLER CAPITAL MANAGEMENT

Service code 27 · EIN 82-3226180

Advisory (Plan)

$11,518

METROPOLITAN ENTERPRISES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROPOLITAN ENTERPRISES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion