Plan Ledger DOL Form 5500 · updated monthly

Metropolitan Industries, Inc.401(k)

METROPOLITAN INDUSTRIES, INC. 401(K) SAVINGS PLAN · ROMEOVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Metropolitan Industries, Inc. reported $81,257 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $907 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 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Illinois (1,915th of 3,702), and 2,254th of 4,246 in wholesale trade. In 2024, employees put in $7.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,173,357
Participants with balances145
Active participants148
Employer contributions$134,207
Employee contributions$969,285
Employer contribution per active participant$907
Average account balance$111,540
Benefits paid to participants$1,228,515
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 145 accts · $134K emplr
2023$14.8M · 150 accts · $117K emplr
2022$13.2M · 148 accts · $122K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,257
Total administrative$81,257
The Metropolitan Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$907
Median for plans this size$2,416
2024$907 per active participant
2023$773 per active participant
2022$849 per active participant

Metropolitan Industries, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$81,256
ALERA INVESTMENT ADVISORS, LLC · Investment advisory (plan)indirect 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$81,257 · 0.52%
2023$73,000 · 0.52%
2022$70,420 · 0.51%
Same employer
Similar plansWholesale Trade · Illinois
Gripple, Inc. IL$16.9M · 0.05%
Bos of Illinois, Inc. IL$16.9M · 0.43%
S&S Truck Parts LLC IL$16.7M · 0.10%
Norkol, Inc. IL$16.7M · 0.16%
Supplycore Inc. IL$16.1M · 0.62%
Kreher Steel Company, LLC IL$16.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362608397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.