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Plan Name | METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN |
Plan identification number | 501 |
401k Plan Type | Welfare Benefit |
Plan Features/Benefits |
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Company Name: | METROPOLITAN MANAGEMENT GROUP |
Employer identification number (EIN): | 232807918 |
NAIC Classification: | 236200 |
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
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501 | 2022-01-01 | ||||
501 | 2021-01-01 |
Measure | Date | Value |
---|---|---|
2022: METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 97 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 109 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 0 |
Total of all active and inactive participants | 2022-01-01 | 109 |
2021: METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 76 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 98 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 0 |
Total of all active and inactive participants | 2021-01-01 | 99 |
Measure | Date | Value |
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2022 : METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2022 401k financial data | ||
Total plan liabilities at end of year | 2022-12-31 | $145,257 |
Total plan liabilities at beginning of year | 2022-12-31 | $153,145 |
Total income from all sources | 2022-12-31 | $945,887 |
Expenses. Total of all expenses incurred | 2022-12-31 | $986,338 |
Benefits paid (including direct rollovers) | 2022-12-31 | $599,213 |
Total plan assets at end of year | 2022-12-31 | $112,590 |
Total plan assets at beginning of year | 2022-12-31 | $160,929 |
Value of fidelity bond covering the plan | 2022-12-31 | $50,000 |
Total contributions received or receivable from participants | 2022-12-31 | $400,382 |
Expenses. Other expenses not covered elsewhere | 2022-12-31 | $369,833 |
Contributions received from other sources (not participants or employers) | 2022-12-31 | $32,590 |
Other income received | 2022-12-31 | $162 |
Net income (gross income less expenses) | 2022-12-31 | $-40,451 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $-32,667 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,784 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $512,753 |
Value of corrective distributions | 2022-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $17,292 |
2021 : METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2021 401k financial data | ||
Total plan liabilities at end of year | 2021-12-31 | $153,145 |
Total income from all sources | 2021-12-31 | $757,689 |
Expenses. Total of all expenses incurred | 2021-12-31 | $749,905 |
Benefits paid (including direct rollovers) | 2021-12-31 | $440,617 |
Total plan assets at end of year | 2021-12-31 | $160,929 |
Value of fidelity bond covering the plan | 2021-12-31 | $30,000 |
Total contributions received or receivable from participants | 2021-12-31 | $343,759 |
Expenses. Other expenses not covered elsewhere | 2021-12-31 | $278,413 |
Contributions received from other sources (not participants or employers) | 2021-12-31 | $4,621 |
Other income received | 2021-12-31 | $181 |
Net income (gross income less expenses) | 2021-12-31 | $7,784 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $7,784 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $0 |
Total contributions received or receivable from employer(s) | 2021-12-31 | $409,128 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $30,875 |
2022: METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2022 form 5500 responses | ||
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2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Insurance | Yes |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan funding arrangement – General assets of the sponsor | Yes |
2022-01-01 | Plan benefit arrangement – Insurance | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2022-01-01 | Plan benefit arrangement – General assets of the sponsor | Yes |
2021: METROPOLITAN MANAGEMENT GROUP, INC. EMPLOYEE BENEFIT PLAN 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | First time form 5500 has been submitted | Yes |
2021-01-01 | Submission has been amended | No |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | No |
2021-01-01 | Plan funding arrangement – Insurance | Yes |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement – Insurance | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 30500712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 5957616 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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CAPITAL ADVANTAGE ASSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 14411 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 00700970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 30500712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 5957616 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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CAPITAL ADVANTAGE ASSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 14411 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 00700970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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