Plan Ledger DOL Form 5500 · updated monthly

The Metro Group, Inc.401(k)

CLAIRE EDWARDS CHARAK 401(K) PLAN · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

The Metro Group, Inc. reported $21,178 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $708 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 0.12% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,630th-largest of 5,648 plans among New York employers on file, and 5,828th of 11,654 in professional & technical services. In 2024, employees put in $4.81 for every $1.00 the employer contributed; active participation has grown from 291 to 367 since 2022.

Plan summary
Net assets, end of year$18,478,382
Participants with balances411
Active participants367
Employer contributions$259,798
Employee contributions$1,250,663
Employer contribution per active participant$708
Average account balance$44,960
Benefits paid to participants$352,311
Plan auditUnmodified (clean) audit opinion
AuditorHCVT CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 411 accts · $260K emplr
2023$14.6M · 353 accts · $389K emplr
2022$12.5M · 387 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,178
Total administrative$21,178
The The Metro Group, Inc. 401(k) match · 2024
Employer contribution per active participant$708
Median for plans this size$2,416
2024$708 per active participant
2023$1,198 per active participant
2022$1,337 per active participant

The Metro Group, 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 · 20244
LPL FINANCIAL · Investment advisory (plan)$46,704
EMPOWER ADVISORY GROUP, LLC · Investment management$11,139
ALLIANT INSURANCE SERVICES INC DBA · Contract administrator$5,276

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$21,178 · 0.13%
2023$27,691 · 0.20%
2022$15,302 · 0.12%
Same employer
Similar plansProfessional & Technical Services · New York
Bst & Co. Cpas, LLP NY$18.8M · 0.40%
Bcc Software, LLC NY$18.5M · 0.01%
Third Bridge NY$18.4M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111076550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.