Metro Bank 401(K)Plan — Form 5500 plan (Metro Bank)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Metro Bank 401(K)Plan is a benefit plan reported by Metro Bank under EIN 62-1372975 and plan number 001. The latest loaded filing year is 2023. The filing reports 189 participants and $19,345,001 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Metro Bank
- EIN
- 62-1372975
- Plan number
- 001
- Plan type
- 2
- Location
- Pell City, AL
- Latest filing year
- 2023
- Participants
- 189
- End-of-year plan assets
- $19,345,001
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 189 | H, C | 20241015130800NAL0048046640001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,345,001
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,345,001
- Net assets (BOY)
- $17,977,230
Income & contributions
- Employer contributions
- $553,756
- Participant contributions
- $694,260
- Total contributions
- $1,248,016
- Total income / additions
- $3,614,904
Expenses & distributions
- Benefits paid
- $2,177,092
- Administrative expenses
- $70,041
- Total expenses
- $2,247,133
- Net increase / (decrease)
- $1,367,771
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Waverly Advisors, LLC | RIA | $70,041 | $0 | 2023 |