Plan Ledger DOL Form 5500 · updated monthly

Metropolitan Family Services401(k)

METROPOLITAN FAMILY SERVICES 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Metropolitan Family Services reported $41,359 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,801 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 fell from 0.28% to 0.11%. 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 1,054th-largest of 3,702 plans among Illinois employers on file, and the 2,163rd of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 1,200 to 1,444 since 2022.

Plan summary
Net assets, end of year$41,798,077
Participants with balances1,797
Active participants1,444
Employer contributions$2,599,960
Employee contributions$4,076,097
Employer contribution per active participant$1,801
Average account balance$23,260
Benefits paid to participants$3,399,622
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 1,797 accts · $2.6M emplr
2023$33.3M · 1,719 accts · $2.2M emplr
2022$25.8M · 1,660 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,359
Total administrative$41,359
The Metropolitan Family Services 401(k) match · 2024
Employer contribution per active participant$1,801
Median for plans this size$2,416
2024$1,801 per active participant
2023$1,389 per active participant
2022$1,571 per active participant

Metropolitan Family Services's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$41,359

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,359 · 0.11%
2023$27,619 · 0.09%
2022$63,539 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Pediatrust, LLC IL$43.3M · 0.12%
Kirby Medical Center IL$42.4M · 0.37%
Start Early IL$41.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362167940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.