Metro Electric Co., Inc.ESOP
METRO ELECTRIC CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN · NORTH CHARLESTON, SC · plan year 2024
Metro Electric Co., Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $4,810,526 across 113 participant accounts, with employer contributions averaging $2,901 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in South Carolina (576th of 807), and 375th of 412 in utilities.
Metro Electric Co., Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 570639752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.