Metropolitan Family Services 401(k) Review & Grade
Metropolitan Family Services 401(k) Plan
Chicago, ILHealth Care & Social Assistance1,526 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,704Employer $ per active participant
$2,672Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$41.8MNet plan assets, end of year
$23,260Average balance per account
Score breakdown
- Employer generosity32.6 / 5065th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 72th |
| Employee saving | 52th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Metropolitan Family Services put in about $1,704 per active participant, more than the typical peer ($976). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,599,960 |
| Participant (employee) contributions | $4,076,097 |
| Other contributions (incl. rollovers in) | $429,635 |
| Administrative expenses paid from the plan | $41,359 |
| Contract administrator fees | $41,359 |
| Benefits paid out | $3,399,622 |
| Net assets, start / end of year | $33.3M / $41.8M |
| Active participants, start / end of year | 1,607 / 1,444 |
| Participants with account balances | 1,797 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Newport Group, Inc. | $41,359 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260227084216NAL0000129459001, received 2026-02-27, EIN 36-2167940, plan #005, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.