Plan Ledger DOL Form 5500 · updated monthly

Metropolitan Enterprises401(k)

METROPOLITAN ENTERPRISES 401(K) PLAN · WYOMING, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

Metropolitan Enterprises reported $36,502 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. 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 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 934th-largest of 2,619 plans among Michigan employers on file, and the 3,320th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$23,253,857
Participants with balances262
Active participants214
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$88,755
Benefits paid to participants$478,634
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$23.3M · 262 accts
2023$21.5M · 283 accts
2022$19.7M · 308 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,931
Investment management$15,571
Total administrative$36,502
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$20,930
ROCKEFELLER CAPITAL MANAGEMENT · Investment advisory (plan)$11,518

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

Administrative cost history4
2025Not separately reported
2024$36,502 · 0.16%
2023$43,068 · 0.21%
2022$37,092 · 0.17%
Similar plansHealth Care & Social Assistance · Michigan
Eversight MI$26.2M · 0.20%
Nexcare Health Systems, LLC MI$22.8M · 0.57%
Marlette Regional Hospital MI$22.2M · 0.43%
Orthodontic Partners, LLC MI$22.0M · 0.26%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383062222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.