Retirement plan

METROPOLITAN MARKET, LLC RETIREMENT SAVINGS PLAN

Name: METROPOLITAN MARKET, LLC - METROPOLITAN MARKET, LLC RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: METROPOLITAN MARKET, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN MARKET, LLC RETIREMENT SAVINGS PLAN, METROPOLITAN MARKET, LLC

METROPOLITAN MARKET, LLCEIN 90-0862784Plan #002PY 2018

4025 DELRIDGE WAY SW, SUITE 100 - SEATTLE, WA 98106206-923-3702metropolitan-market.comLinkedIn501-1000 employeessupermarkets

Prospect flagsHigh feesRecently reached 100 employeesLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$10M

-1.5% from 2017

Total participants

120

+1.7% from 2017

Average account balance

$93,849

-9.8% from 2017

Annual return

-3.92%

-22.13 pp from 2017

Benchmarks

See 9,414 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,414 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.04M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

124

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.

62.6%

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

$9K

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

+20.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$407

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Service code 15 · EIN 06-1053228	Recordkeeping	$39,656
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK/TRUST COMPANY Service code 18	Custodial (securities); Shareholder s...	$3,445
CHARLES SCHWAB & CO., INC.2 years Service code 18 · EIN 94-1737782	Custodial (securities); Shareholder s...	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 18	Shareholder servicing fees; Custodial...	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK/TRUST COMPANY- Service code 18 · EIN 42-1558009	Custodial (securities); Shareholder s...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$40K

$422 / participant

Investment mgmt$29K73.9%
Other / not subdivided$10K26.1%

% of EOY assets

0.395%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,849

$50,958+84.2%

$74,550+25.9%

$64,186+46.2%

Participation rate

86.2%

61.1%+25.1pp

69.1%+17.0pp

69.6%+16.6pp

Annual return

-3.92%

-1.86%-2.1pp

32.53%-36.5pp

7.63%-11.6pp

Employer contribution / active EE

$1,805

$1,115+61.9%

$1,961-7.9%

$2,381-24.2%

Participant deferral / active EE

$5,829

$2,301+153.3%

$3,108+87.5%

$3,470+68.0%

Admin fee / account holder

$371

$4,223-91.2%

$5,060-92.7%

$4,888-92.4%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Service code 15 · EIN 06-1053228

Recordkeeping

$39,656

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK/TRUST COMPANY

Service code 18

Custodial (securities); Shareholder s...

$3,445

CHARLES SCHWAB & CO., INC.2 years

Service code 18 · EIN 94-1737782

Custodial (securities); Shareholder s...

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 18

Shareholder servicing fees; Custodial...

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK/TRUST COMPANY-

Service code 18 · EIN 42-1558009

Custodial (securities); Shareholder s...

METROPOLITAN MARKET, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROPOLITAN MARKET, LLC RETIREMENT SAVINGS 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