Metropolis Employee Services, LLC LLC 401(k) Review & Grade
Metropolis Employee Services, LLC 401k Plan
Nashville, TNOther Services1,202 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,529Employer $ per active participant
$2,329Employee $ saved per active participant
1.05%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
$13,198Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 6th |
| Employee saving | 45th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $542 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metropolis Employee Services, LLC put in about $1,529 per active participant, more than the typical peer ($1,257). 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 (1.05% 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 | $1,838,229 |
| Participant (employee) contributions | $2,800,159 |
| Other contributions (incl. rollovers in) | $167,169 |
| Administrative expenses paid from the plan | $149,121 |
| Contract administrator fees | $116,740 |
| Investment advisory & management fees | $32,381 |
| Benefits paid out | $1,486,890 |
| Net assets, start / end of year | $11.7M / $16.7M |
| Active participants, start / end of year | 1,230 / 1,175 |
| Participants with account balances | 1,262 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram |
Largest service providers (Schedule C)
| Stancorp Financial Group | $116,740 reported compensation |
| Northwestern Mutual Wealth Manage | $32,381 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930124644NAL0014889440001, received 2025-09-30, EIN 20-0230041, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.