Plan Ledger DOL Form 5500 · updated monthly

Metropolitan Security Services, Inc401(k)

THE CONTRACTORS RETIREMENT PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Metropolitan Security Services, Inc reported $1,361,041 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,078 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 0.01% to 0.76%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 97th-largest of 1,496 plans among Tennessee employers on file, and the 100th of 2,534 in administrative & support services. In 2024, the employer put in $1.72 for every $1.00 employees contributed themselves; active participation has shrunk from 7,269 to 5,608 since 2022.

Plan summary
Net assets, end of year$202,497,337
Participants with balances6,091
Active participants5,608
Employer contributions$39,693,506
Employee contributions$23,060,512
Employer contribution per active participant$7,078
Average account balance$33,245
Benefits paid to participants$37,697,199
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$202.5M · 6,091 accts · $39.7M emplr
2023$155.5M · 5,602 accts · $30.9M emplr
2022$105.0M · 3,980 accts · $23.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,352,176
Investment management$15
Total administrative$1,361,041
The Metropolitan Security Services, Inc 401(k) match · 2024
Employer contribution per active participant$7,078
Median for plans this size$3,635
2024$7,078 per active participant
2023$5,212 per active participant
2022$3,266 per active participant

Metropolitan Security Services, Inc's 2024 employer contribution ran above the $3,635 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.

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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$300,357
KESTRA INVESTMENT SERVICES, LLCindirect 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$1,361,041 · 0.76%
2023$16,750 · 0.01%
2022$14,000 · 0.01%
All plans at this employer2
WALDEN SECURITY 401K PLAN401(k)
THE CONTRACTORS RETIREMENT PLAN401(k)
Same employer
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Ucor LLC TN$217.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621448519 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.