Metro City Bank Section 401(K) Profit Sharing Plan — Form 5500 plan (Metro City 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 City Bank Section 401(K) Profit Sharing Plan is a benefit plan reported by Metro City Bank under EIN 76-0819027 and plan number 001. The latest loaded filing year is 2023. The filing reports 250 participants and $19,728,721 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Metro City Bank
- EIN
- 76-0819027
- Plan number
- 001
- Plan type
- 2
- Location
- Doraville, GA
- Latest filing year
- 2023
- Participants
- 250
- End-of-year plan assets
- $19,728,721
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 250 | H, C | 20241004162309NAL0024110370001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,728,721
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,728,721
- Net assets (BOY)
- $15,378,508
Income & contributions
- Employer contributions
- $1,018,000
- Participant contributions
- $1,843,728
- Total contributions
- $2,896,363
- Total income / additions
- $5,226,451
Expenses & distributions
- Benefits paid
- $843,740
- Administrative expenses
- $32,498
- Total expenses
- $876,238
- Net increase / (decrease)
- $4,350,213
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Gba Retirement Services, Inc. | NONE | $21,260 | not reported in the loaded dataset | 2023 |
| American Trust Company | NONE | $11,238 | $0 | 2023 |