Retirement plan

METRO EMPLOYEES RETIREMENT PLAN

Name: METROPOLITAN CHARITIES, INC. D/B/A METRO INCLUSIVE HEALTH - METRO EMPLOYEES RETIREMENT PLAN (2020) Form 5500
Creator: METROPOLITAN CHARITIES, INC. D/B/A METRO INCLUSIVE HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METRO EMPLOYEES RETIREMENT PLAN, METROPOLITAN CHARITIES, INC. D/B/A METRO INCLUSIVE HEALTH

METROPOLITAN CHARITIES, INC. D/B/A METRO INCLUSIVE HEALTHEIN 59-3153947Plan #002PY 2020

3251 3RD AVENUE N. SUITE 125 - ST. PETERSBURG, FL 33713727-321-3854

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed February 20, 2023

Plan administrator

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3251 3RD AVENUE NORTH, , SUITE A

St Petersburg, FL 33713

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Plans declared (1)

Metro Employees 457(b) Plan10 emp

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Total assets (EOY)

$3.1M

+60.6% from 2019

Total participants

182

-9.0% from 2019

Average account balance

$25,241

+43.8% from 2019

Annual return

25.76%

+2.23 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

122

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$21,122
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINACIAL SERVICES INS AGENCY Service code 53	Insurance Commissions	$10,388
BSP CONSULTING3 years Filed as: BSP RETIREMENT SERVICES Service code 13 · EIN 71-1039549	Contract Administrator	$0
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICES INS AGENCY Service code 53 · EIN 51-0120742	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2K2M3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$21K

$124 / participant

Investment mgmt$21K100.0%

% of EOY assets

0.675%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARTON, GONZALEZ & MYERS, PA
Auditor EIN: 592970580
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,241

$66,124-61.8%

$90,461-72.1%

$73,497-65.7%

Participation rate

65.9%

69.7%-3.8pp

72.7%-6.8pp

70.7%-4.8pp

Annual return

25.76%

17.65%+8.1pp

1294.76%-1269.0pp

28.51%-2.8pp

Employer contribution / active EE

$2,064

$2,346-12.0%

$3,264-36.8%

$2,270-9.1%

Participant deferral / active EE

$3,143

$3,039+3.4%

$3,964-20.7%

$3,740-16.0%

Admin fee / account holder

$170

$396-57.0%

$5,617-97.0%

$513-66.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$21,122

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINACIAL SERVICES INS AGENCY

Service code 53

Insurance Commissions

$10,388

BSP CONSULTING3 years

Filed as: BSP RETIREMENT SERVICES

Service code 13 · EIN 71-1039549

Contract Administrator

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICES INS AGENCY

Service code 53 · EIN 51-0120742

Insurance Commissions

METRO EMPLOYEES RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METRO EMPLOYEES RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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