Plan Ledger DOL Form 5500 · updated monthly

Metro East Industries, Inc.401(k)

METRO EAST INDUSTRIES RETIREMENT SAVINGS PLAN · FAIRVIEW HEIGHTS, IL · plan year 2024

Reported admin expense ratio · 2024
0.30%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Metro East Industries, Inc. reported $82,397 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,042 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.33% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,342nd-largest of 3,702 plans among Illinois employers on file, and the 748th of 3,341 in other services. In 2024, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,065,171
Participants with balances277
Active participants360
Employer contributions$735,173
Employee contributions$2,042,172
Employer contribution per active participant$2,042
Average account balance$104,928
Benefits paid to participants$3,213,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.1M · 277 accts · $735K emplr
2023$25.4M · 283 accts · $683K emplr
2022$20.6M · 291 accts · $629K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,397
Total administrative$82,397
The Metro East Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,042
Median for plans this size$2,416
2024$2,042 per active participant
2023$1,973 per active participant
2022$1,866 per active participant

Metro East Industries, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$82,397
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$82,397 · 0.30%
2023$68,160 · 0.30%
2022$75,867 · 0.33%
Same employer
Similar plansOther Services · Illinois
Moose International Inc. IL$31.3M · 0.08%
The Allendale Association IL$28.5M · 0.39%
Aisc Holdings, Inc. IL$28.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371268970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.