Metro Electric, Inc. 401(k) Plan (terminated 2017): Login, Facts & Contact Information
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Plan terminated
This plan was terminated. Its final Form 5500 covers plan year 2017. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Metro Electric, Inc. 401(k) Login
Accounts were managed by
Empower
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Retirement plan providers can change. This information is from the plan's 2017 filing.
Metro Electric, Inc. 401(k) Plan Facts (plan year 2017)
Plan name
METRO ELECTRIC, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
METRO ELECTRIC, INC.
Participants
115
Former employees with a balance
0
Plan year
Jan 1, 2017 – Dec 15, 2017
Plan established
Jan 1, 2001
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)
Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 15, 2017), filed Sep 7, 2018. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2017
- $18,390 went into the plan in contributions.
- $679,226 was paid out to participants.
- Investment and other income added $57,255.
How the Metro Electric, Inc. 401(k) changed, 2012–2017
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2012 | 137 | $488,141 | $3,242 | $185,877 |
| 2013 | 106 | $588,796 | $0 | $31,546 |
| 2014 | 116 | $570,215 | $0 | $94,289 |
| 2015 | 119 | $582,280 | $0 | $26,456 |
| 2016 | 125 | $604,343 | $0 | $39,103 |
| 2017 (final) | 115 | $0 | $0 | $679,226 |
Metro Electric, Inc. 401(k) Contact Information
Phone
956-686-2323
Mailing address
1901 INDUSTRIAL DR., MCALLEN TX 78504
Plan sponsor
METRO ELECTRIC, INC.
Employer identification number (EIN)
74-1732655
Plan number
002
Questions about the Metro Electric, Inc. 401(k)
Is the Metro Electric, Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2017.
Does Metro Electric, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement.
Does the Metro Electric, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Metro Electric, Inc 401(k) plan?
115 participants at the start of plan year 2017.
Who manages the Metro Electric, Inc 401(k) accounts?
Empower is the plan's recordkeeper, which is where participants log in to see their balance.
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