Plan Ledger DOL Form 5500 · updated monthly

Metro Motors, Inc.401(k)

METRO AUTOMOTIVE GROUP 401(K) RETIREMENT SAVINGS PLAN · MONTCLAIR, CA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Metro Motors, Inc. reported $27,827 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $0 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 3 years on file its reported administrative ratio has held roughly steady near 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (7,073rd of 9,483), and 3,817th of 5,215 in retail trade.

Plan summary
Net assets, end of year$4,793,608
Participants with balances118
Active participants126
Employer contributions$0
Employee contributions$362,907
Employer contribution per active participant$0
Average account balance$40,624
Benefits paid to participants$518,578
Plan auditUnmodified (clean) audit opinion
AuditorROGERS, CLEM & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 118 accts
2023$4.5M · 120 accts
2022$4.4M · 132 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,236
Investment management$9,591
Total administrative$27,827
The Metro Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Metro Motors, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.

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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,235
FINANCIAL MANAGEMENT NETWORK INC · Investment advisory (plan)$9,584
ACTUARIAL BENEFITS CORPORATION · Other servicesindirect 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$27,827 · 0.60%
2023$27,057 · 0.61%
2022$30,690 · 0.57%
Same employer
Similar plansRetail Trade · California
Ildico Inc CA$4.9M · 0.81%
Vallarta Supermarkets CA$4.8M · 1.45%
Etekcity Corporation CA$4.8M · 0.32%
Bulletproof 360, Inc. CA$4.8M · 0.39%
Mobileone, LLC CA$4.7M · 1.24%
Nimble Rx, Inc. CA$4.7M · 0.11%
The Bouqs Company CA$4.7M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330388292 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.