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EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.

401k Sponsoring company profile

METROPOLITAN FAMILY SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name:METROPOLITAN FAMILY SERVICE, INC.
Employer identification number (EIN):930397825
NAIC Classification:624100
NAIC Description: Individual and Family Services

Additional information about METROPOLITAN FAMILY SERVICE, INC.

Jurisdiction of Incorporation: Oregon Secretary of State Corporations Division
Incorporation Date: 2050-09-06
Company Identification Number: 4946315
Legal Registered Office Address: 1808 SE BELMONT

PORTLAND
United States of America (USA)
97214

More information about METROPOLITAN FAMILY SERVICE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01
0012020-07-01
0012019-07-01FAY ALLISON2021-01-04
0012018-07-01FAY ALLISON2020-01-16
0012017-07-01FAY ALLISON2019-01-28
0012016-07-01FAVONA M ALLISON2018-01-02 FAVONA M ALLISON2018-01-02
0012015-07-01FAVONA M ALLISON2016-12-29 FAVONA M ALLISON2016-12-29
0012014-07-01FAVONA M ALLISON2016-01-15 FAVONA M ALLISON2016-01-15
0012013-07-01FAVONA M ALLISON2014-12-29 FAVONA M ALLISON2014-12-29
0012012-07-01FAVONA M ALLISON2013-12-03 FAVONA M ALLISON2013-12-03
0012011-07-01FAVONA M ALLISON2013-01-18 FAVONA M ALLISON2013-01-18
0012010-07-01FAVONA M ALLISON2011-12-01 FAVONA M ALLISON2011-12-01

Plan Statistics for EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE

Measure Date Value
2021: EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2021 401k membership
Total participants, beginning-of-year2021-07-01117
Total number of active participants reported on line 7a of the Form 55002021-07-01106
Number of retired or separated participants receiving benefits2021-07-010
Number of other retired or separated participants entitled to future benefits2021-07-0144
Total of all active and inactive participants2021-07-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-01150
Number of participants with account balances2021-07-01136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-014
2020: EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2020 401k membership
Total participants, beginning-of-year2020-07-01104
Total number of active participants reported on line 7a of the Form 55002020-07-0189
Number of retired or separated participants receiving benefits2020-07-010
Number of other retired or separated participants entitled to future benefits2020-07-0128
Total of all active and inactive participants2020-07-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-07-010
Total participants2020-07-01117
Number of participants with account balances2020-07-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-07-010

Financial Data on EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE

Measure Date Value
2022 : EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2022 401k financial data
Total income from all sources2022-06-30$-251,684
Expenses. Total of all expenses incurred2022-06-30$148,098
Benefits paid (including direct rollovers)2022-06-30$143,963
Total plan assets at end of year2022-06-30$4,372,364
Total plan assets at beginning of year2022-06-30$4,772,146
Value of fidelity bond covering the plan2022-06-30$450,000
Total contributions received or receivable from participants2022-06-30$357,938
Expenses. Other expenses not covered elsewhere2022-06-30$4,135
Contributions received from other sources (not participants or employers)2022-06-30$0
Other income received2022-06-30$-739,008
Net income (gross income less expenses)2022-06-30$-399,782
Net plan assets at end of year (total assets less liabilities)2022-06-30$4,372,364
Net plan assets at beginning of year (total assets less liabilities)2022-06-30$4,772,146
Total contributions received or receivable from employer(s)2022-06-30$129,386
2021 : EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-06-30$0
Total income from all sources (including contributions)2021-06-30$1,596,536
Total of all expenses incurred2021-06-30$66,966
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-06-30$66,094
Expenses. Certain deemed distributions of participant loans2021-06-30$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-06-30$484,613
Value of total assets at end of year2021-06-30$4,774,465
Value of total assets at beginning of year2021-06-30$3,244,895
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-06-30$872
Total interest from all sources2021-06-30$4,136
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-06-30No
Was this plan covered by a fidelity bond2021-06-30No
If this is an individual account plan, was there a blackout period2021-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-06-30$0
Were there any nonexempt tranactions with any party-in-interest2021-06-30No
Contributions received from participants2021-06-30$351,530
Participant contributions at end of year2021-06-30$4,177
Participant contributions at beginning of year2021-06-30$6,979
Income. Received or receivable in cash from other sources (including rollovers)2021-06-30$1,161
Other income not declared elsewhere2021-06-30$0
Administrative expenses (other) incurred2021-06-30$872
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-06-30No
Value of net income/loss2021-06-30$1,529,570
Value of net assets at end of year (total assets less liabilities)2021-06-30$4,774,465
Value of net assets at beginning of year (total assets less liabilities)2021-06-30$3,244,895
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2021-06-30No
Were any leases to which the plan was party in default or uncollectible2021-06-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-06-30$4,288,155
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-06-30$2,937,112
Interest on participant loans2021-06-30$469
Interest earned on other investments2021-06-30$3,667
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-06-30$482,133
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-06-30$300,804
Expenses. Payments to insurance carriers foe the provision of benefits2021-06-30$0
Net investment gain/loss from pooled separate accounts2021-06-30$1,107,787
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-06-30No
Was there a failure to transmit to the plan any participant contributions2021-06-30No
Has the plan failed to provide any benefit when due under the plan2021-06-30No
Contributions received in cash from employer2021-06-30$131,922
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-06-30$66,094
Did the plan have assets held for investment2021-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-06-30No
Opinion of an independent qualified public accountant for this plan2021-06-30Disclaimer

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE

2021: EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2021 form 5500 responses
2021-07-01Type of plan entitySingle employer plan
2021-07-01Submission has been amendedNo
2021-07-01This submission is the final filingNo
2021-07-01This return/report is a short plan year return/report (less than 12 months)No
2021-07-01Plan is a collectively bargained planNo
2021-07-01Plan funding arrangement – InsuranceYes
2021-07-01Plan benefit arrangement – InsuranceYes
2020: EMPLOYEE BENEFIT PLAN OF METROPOLITAN FAMILY SERVICE 2020 form 5500 responses
2020-07-01Type of plan entitySingle employer plan
2020-07-01Submission has been amendedNo
2020-07-01This submission is the final filingNo
2020-07-01This return/report is a short plan year return/report (less than 12 months)No
2020-07-01Plan is a collectively bargained planNo
2020-07-01Plan funding arrangement – InsuranceYes
2020-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number056951C
Policy instance 1
Insurance contract or identification number056951C
Number of Individuals Covered150
Insurance policy start date2021-07-01
Insurance policy end date2022-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $521
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees521
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number056951C
Policy instance 1
Insurance contract or identification number056951C
Number of Individuals Covered117
Insurance policy start date2020-07-01
Insurance policy end date2021-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $521
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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