Sterling Mets, L.p. 401(k) Plan: Login, Facts & Contact Information

Sterling Mets, L.p. 401(k) Plan Facts

Plan name
NEW YORK METS EMPLOYEE SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
STERLING METS, L.P.
Participants
632 (544 active employees)
Former employees with a balance
198
Plan assets
$47,808,600 at Dec 31, 2022
Average account balance
$66,865 across 715 accounts
Employer contributions
$2,524,334 in plan year 2022 (35% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 1988
✓ 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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 12, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $7.31 million went into the plan in contributions, $2.52 million of it from the employer (35%).
  • $4.27 million was paid out to participants.
  • Administrative expenses were $128,161, about $179 per account.

How the Sterling Mets, L.p. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017487$33.6 million$948,001$1.60 million
2018544$33.3 million$1.29 million$2.51 million
2019574$41.2 million$1.69 million$4.36 million
2020579$45.9 million$588,011$4.99 million
2021529$54.5 million$1.66 million$4.87 million
2022632$47.8 million$2.52 million$4.27 million

Sterling Mets, L.p. 401(k) Contact Information

Phone
718-559-3054
Mailing address
CITI FIELD 41 SEAVER WAY, FLUSHING NY 11368
Plan sponsor
STERLING METS, L.P.
Employer identification number (EIN)
11-2834957
Plan number
002

Questions about the Sterling Mets, L.p. 401(k)

Does Sterling Mets, L.p contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $2.52 million, 35% of all contributions.

Does the Sterling Mets, L.p 401(k) have automatic enrollment?

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

How many people are in the Sterling Mets, L.p 401(k) plan?

632 participants at the start of plan year 2022, 544 of them active employees, and 198 former employees who still had money in the plan.

What is the average 401(k) balance at Sterling Mets, L.p?

About $66,865 per account: $47.8 million in plan assets across 715 accounts with a balance at the end of plan year 2022.

Who manages the Sterling Mets, L.p 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sterling Mets, L.p. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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