Metrea Management LLC 401(k) Review & Grade
Metrea LLC 401(k) Plan
Bethany, OKProfessional, Scientific & Technical Services670 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,207Employer $ per active participant
$9,987Employee $ saved per active participant
5.34%Direct admin cost, % of plan assets
$56.7MNet plan assets, end of year
$54,228Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 0th |
| Employee saving | 59th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,959 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metrea Management put in about $6,207 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (5.34% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,161,887 |
| Participant (employee) contributions | $6,696,082 |
| Other contributions (incl. rollovers in) | $931,814 |
| Administrative expenses paid from the plan | $2,688,645 |
| Other admin expenses | $2,688,645 |
| Benefits paid out | $8,256,067 |
| Net assets, start / end of year | $44.1M / $56.7M |
| Active participants, start / end of year | 598 / 743 |
| Participants with account balances | 1,045 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo |
Largest service providers (Schedule C)
| Osaic Wealth Inc | $77,258 reported compensation |
| Nationwide | $60,742 reported compensation |
| Brinker Capital Investments | $27,721 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015083327NAL0004351537001, received 2025-10-15, EIN 82-3915646, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.