Employers › Metropolitan Bank Holding
Recordkeeping fees per participant · Metropolitan Commercial Bank 401(k) Plan · plan year 2024
$30.15
Higher than 27% of the 14,075 plans $10 to 50M that report it.
= $11,216 / 372
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250624113933NAL0007210097001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624113933NAL0007210097001, received 2025-06-24
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-24.
Administrative expenses excluding investment management, per participant
$30.15
Higher than 18% of the 24,371 plans $10 to 50M that report it.
= $11,216 / 372
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250624113933NAL0007210097001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624113933NAL0007210097001, received 2025-06-24
Administrative expenses per participant
$49.18
Higher than 16% of the 25,098 plans $10 to 50M that report it.
= $18,294 / 372
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624113933NAL0007210097001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624113933NAL0007210097001, received 2025-06-24
Administrative expenses as a share of assets
0.054%
Higher than 14% of the 25,132 plans $10 to 50M that report it.
= $18,294 / $33,848,117
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624113933NAL0007210097001, received 2025-06-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250624113933NAL0007210097001, received 2025-06-24
Employer contributions per participant
$3,147
Higher than 75% of the 24,050 plans $10 to 50M that report it.
= $1,170,554 / 372
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624113933NAL0007210097001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624113933NAL0007210097001, received 2025-06-24
Employer share of total contributions
19.6%
Higher than 23% of the 24,084 plans $10 to 50M that report it.
= $1,170,554 / $5,982,722
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624113933NAL0007210097001, received 2025-06-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250624113933NAL0007210097001, received 2025-06-24
Employer match
“Currently, the Company is matching 50% of the first 6% of a participant’s pre-tax contributions to the Plan.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Employees become eligible to participate in the Plan upon completing two months of service.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Vesting in the Company’s contributions and earnings thereon is based on years of service and is determined as follows:”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Newly eligible employees are automatically enrolled in the Plan with a 6% deferral rate unless they affirmatively elect not to participate in the Plan or elect a different deferral percentage and are invested in a designated fund until changed by the participant.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250624113933NAL0007210097001, received 2025-06-24
| Field | Value | Source |
|---|---|---|
| Plan sponsor | METROPOLITAN COMMERCIAL BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Plan name | METROPOLITAN COMMERCIAL BANK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Sponsor EIN / plan number | 13-4047042 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Filing received | 2025-06-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Participants, beginning of year | 354 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Active participants | 301 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Participants, end of year | 390 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Participants with an account balance | 372 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total assets, beginning of year | $25,893,097 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total assets, end of year | $33,848,117 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Net assets, end of year | $33,848,117 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total income | $9,816,791 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Net income | $7,955,020 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Employer contributions | $1,170,554 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Participant contributions | $3,533,651 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Other contributions (incl. rollovers) | $1,278,517 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total contributions | $5,982,722 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Benefit payments | $1,843,477 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total expenses (incl. benefit payments) | $1,861,771 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Total administrative expenses | $18,294 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Recordkeeping fees | $11,216 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Investment advisory and management fees | $7,078 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Administrative expenses excluding investment management | $11,216 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Held in common/collective trusts | $1,040,310 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Held in mutual funds | $31,592,755 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250624113933NAL0007210097001, received 2025-06-24 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250624113933NAL0007210097001, received 2025-06-24 |
Position = column in the DOL layout for form year 2024. Filing 20250624113933NAL0007210097001, received 2025-06-24.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $11,216 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $7,078 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250624113933NAL0007210097001, received 2025-06-24.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $25,893,097 | $33,848,117 | 30.7% |
| Participants with a balance | 341 | 372 | 9.1% |
| Administrative expenses | $16,910 | $18,294 | 8.2% |
| Recordkeeping fees per participant | $23.48 | $30.15 | 28.4% |
| Employer contributions | $979,201 | $1,170,554 | 19.5% |
Prior filing 20240604123813NAL0009355715001, received 2024-06-04; the plan years are contiguous.
Sponsor name as filed: METROPOLITAN COMMERCIAL BANK; SEC registrant: Metropolitan Bank Holding Corp. (CIK 1476034, matched by 11-K plan title; display name from the Form 10-K cover).