Plan Ledger DOL Form 5500 · updated monthly

Metro Group, Inc.401(k)

METRO GROUP, INC. 401(K) PROFIT SHARING PLAN · SALT LAKE CITY, UT · plan year 2022

Reported admin expense ratio · 2022
0.78%

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

Metro Group, Inc. reported $54,444 in plan administrative expenses for 2022: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,704 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Utah (560th of 848), and 1,288th of 2,534 in administrative & support services. In 2022, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,366,063
Participants with balances92
Active participants152
Employer contributions$259,049
Employee contributions$444,814
Employer contribution per active participant$1,704
Average account balance$69,196
Benefits paid to participants$800,865
Plan auditUnmodified (clean) audit opinion
AuditorSHAW & CO., P.C. DBA BOUNTIFUL PEAK
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$54,444
Total administrative$54,444
The Metro Group, Inc. 401(k) match · 2022
Employer contribution per active participant$1,704
Median for plans this size$1,114

Metro Group, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$54,444 · 0.78%
Same employer
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Pro Alliance, LLC UT$6.5M · 0.66%
Fpc Holdings, LLC UT$4.1M · 1.38%
X3 Staffing, Inc. UT$4.0M · 0.16%
Peczuh Printing Company UT$4.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870325227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.