Metropolis Technologies Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Metropolis Technologies Inc. 401(k) Plan Facts (plan year 2021)

Plan name
METROPOLIS 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
METROPOLIS TECHNOLOGIES INC
Participants
31 (92 active employees)
Plan assets
$3,015,243 at Dec 31, 2021
Average account balance
$31,409 across 96 accounts
Employer contributions
$429,145 in plan year 2021 (41% of all contributions)
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Sep 1, 2017
✓ 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-SF for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Jul 21, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $1.05 million went into the plan in contributions, $429,145 of it from the employer (41%).
  • $183,604 was paid out to participants.
  • Investment and other income added $564,867.

How the Metropolis Technologies Inc. 401(k) changed, 2019–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201912$869,263$133,122$0
202026$1.58 million$232,726$67,623
202131$3.02 million$429,145$183,604

Metropolis Technologies Inc. 401(k) Contact Information

Phone
310-270-3508
Mailing address
1314 7TH ST 5TH FLOOR, SANTA MONICA CA 90401
Plan sponsor
METROPOLIS TECHNOLOGIES INC
Employer identification number (EIN)
37-1945521
Plan number
001

Questions about the Metropolis Technologies Inc. 401(k)

Is the Metropolis Technologies Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Metropolis Technologies Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $429,145, 41% of all contributions.

Does the Metropolis Technologies Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Metropolis Technologies Inc 401(k) plan?

31 participants at the start of plan year 2021, 92 of them active employees.

What is the average 401(k) balance at Metropolis Technologies Inc?

About $31,409 per account: $3.02 million in plan assets across 96 accounts with a balance at the end of plan year 2021.

Who manages the Metropolis Technologies Inc 401(k) accounts?

Guideline is the plan's recordkeeper, which is where participants log in to see their balance.

Related Companies
Headquarter: 5004 STATE ROAD P.O. BOX 544, DREXEL HILL, PA, 19026
Headquarter: 14700 28TH AVENUE NORTH, SUITE 20, PLYMOUTH, MN, 55447
Headquarter: 1801 LIND AVE SW, RENTON, WA, 98057
Headquarter: ONE HEALTH PLAZA, EAST HANOVER, NJ, 07936
Headquarter: 500 ROSS STREET 154-1300, PITTSBURGH, PA, 15262