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METROPOLITAN COMPANIES 401(K) PLAN 401k Plan overview

Plan NameMETROPOLITAN COMPANIES 401(K) PLAN
Plan identification number 001

METROPOLITAN COMPANIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

METROPOLITAN MANAGEMENT GROUP has sponsored the creation of one or more 401k plans.

Company Name:METROPOLITAN MANAGEMENT GROUP
Employer identification number (EIN):232807918
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METROPOLITAN COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01JOSHUA LYTLE
0012023-01-01
0012023-01-01
0012023-01-01JOSHUA LYTLE
0012023-01-01JOSHUA LYTLE
0012022-01-01
0012022-01-01JOSHUA LYTLE
0012021-01-01JOSHUA LYTLE2022-09-23
0012020-01-01JOSHUA LYTLE2021-10-14

Plan Statistics for METROPOLITAN COMPANIES 401(K) PLAN

401k plan membership statisitcs for METROPOLITAN COMPANIES 401(K) PLAN

Measure Date Value
2023: METROPOLITAN COMPANIES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01164
Total number of active participants reported on line 7a of the Form 55002023-01-01174
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0119
Total of all active and inactive participants2023-01-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01193
Number of participants with account balances2023-01-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0123
2022: METROPOLITAN COMPANIES 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-2399
Total number of particpants at end of year2022-09-23138
Number of Participants With Account Balances2022-09-23121
Total participants, beginning-of-year2022-01-01140
Total number of active participants reported on line 7a of the Form 55002022-01-01149
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-01161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01161
Number of participants with account balances2022-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0123

Financial Data on METROPOLITAN COMPANIES 401(K) PLAN

Measure Date Value
2023 : METROPOLITAN COMPANIES 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,311,618
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$160,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$142,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,020,252
Value of total assets at end of year2023-12-31$2,335,366
Value of total assets at beginning of year2023-12-31$1,183,936
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$18,160
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$32,552
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$32,552
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$180,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$817,843
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$14,184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,151,430
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,335,366
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,183,936
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$2,118,014
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$1,019,206
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$29,157
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$26,994
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$26,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$258,814
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$188,225
Employer contributions (assets) at end of year2023-12-31$188,195
Employer contributions (assets) at beginning of year2023-12-31$137,736
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$142,028
Contract administrator fees2023-12-31$18,158
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31MARIA T. HURD, CPA
Accountancy firm EIN2023-12-31510232399
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$1,311,618
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$160,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$142,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$1,020,252
Value of total assets at end of year2023-01-01$2,335,366
Value of total assets at beginning of year2023-01-01$1,183,936
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$18,160
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$32,552
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$32,552
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$180,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$817,843
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$14,184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,151,430
Value of net assets at end of year (total assets less liabilities)2023-01-01$2,335,366
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$1,183,936
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$2,118,014
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$1,019,206
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$29,157
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$258,814
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$188,225
Employer contributions (assets) at end of year2023-01-01$188,195
Employer contributions (assets) at beginning of year2023-01-01$137,736
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$142,028
Contract administrator fees2023-01-01$18,158
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01BELFINT, LYONS & SHUMAN, P.A.
Accountancy firm EIN2023-01-01510232399
2022 : METROPOLITAN COMPANIES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$647,851
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$78,500
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$65,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$771,853
Value of total assets at end of year2022-12-31$1,183,936
Value of total assets at beginning of year2022-12-31$614,585
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$12,883
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$12,799
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$12,799
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$180,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$609,312
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$24,805
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$569,351
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,183,936
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$614,585
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,019,206
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$475,842
Interest on participant loans2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$26,994
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$16,666
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$16,666
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-136,801
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$137,736
Employer contributions (assets) at end of year2022-12-31$137,736
Employer contributions (assets) at beginning of year2022-12-31$122,077
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$65,617
Contract administrator fees2022-12-31$12,883
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MARIA T. HURD, CPA
Accountancy firm EIN2022-12-31510232399
Total transfers to/from plan in this plan year2022-09-230
Total liabilities as of the end of the plan year2022-09-230
Total liabilities as of the beginning of the plan year2022-09-230
Total expenses incurred by plan in this plan year2022-09-238148
Net assets as of the end of the plan year2022-09-23492508
Total assets as of the beginning of the plan year2022-09-2352170
Value of plan covered by a fidelity bond2022-09-2330000
Participant contributions to plan in this plan year2022-09-23385316
Other expenses paid from plan in this plan year2022-09-232735
Other contributions to plan in this plan year2022-09-2316519
Other income to plan in this plan year2022-09-2334214
Plan net income in this plan year2022-09-23440338
Net assets as of the end of the plan year2022-09-23492508
Net assets as of the beginning of the plan year2022-09-2352170
Employer contributions to plan in this plan year2022-09-2312437
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-230
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$647,851
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$78,500
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$65,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$771,853
Value of total assets at end of year2022-01-01$1,183,936
Value of total assets at beginning of year2022-01-01$614,585
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$12,883
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$12,799
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$12,799
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$180,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$609,312
Participant contributions at end of year2022-01-01$0
Participant contributions at beginning of year2022-01-01$0
Participant contributions at end of year2022-01-01$0
Participant contributions at beginning of year2022-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$24,805
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$0
Total non interest bearing cash at end of year2022-01-01$0
Total non interest bearing cash at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$569,351
Value of net assets at end of year (total assets less liabilities)2022-01-01$1,183,936
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$614,585
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$1,019,206
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$475,842
Interest on participant loans2022-01-01$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$26,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-136,801
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$137,736
Employer contributions (assets) at end of year2022-01-01$137,736
Employer contributions (assets) at beginning of year2022-01-01$122,077
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$65,617
Contract administrator fees2022-01-01$12,883
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01MARIA T. HURD, CPA
Accountancy firm EIN2022-01-01510232399

Form 5500 Responses for METROPOLITAN COMPANIES 401(K) PLAN

2023: METROPOLITAN COMPANIES 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: METROPOLITAN COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

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