Metropolitan Development Council403(b)
METROPOLITAN DEVELOPMENT COUNCIL 403(B) PLAN · TACOMA, WA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Metropolitan Development Council reported $71,410 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,490 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 rose from 1.00% to 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (1,284th of 1,714), and 7,309th of 11,911 in health care & social assistance. In 2024, the employer put in $1.62 for every $1.00 employees contributed themselves; active participation has shrunk from 178 to 159 since 2022.
Metropolitan Development Council'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 910780533 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.