Virginia › Administrative and support and waste management services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2022 to 31 Dec 2022
Metropolitan Healthcare Service 401(k) Profit Sharing Plan & Trust
Sponsored by Metropolitan Healthcare Service, Fairfax, VA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Metropolitan Healthcare Service of Fairfax, Virginia sponsors Metropolitan Healthcare Service 401(k) Profit Sharing Plan & Trust, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2022 shows 661 participants (644 active) and $236K in net assets.
Net assets came to $357 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $24,581 median for defined contribution plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $9,751: $14.75 per participant, well below the same-size median of $113. Administrative expenses charged to the plan were $13K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1,000 in 2017 to $236K in 2025 (up 23500%), and participants from 635 to 661 (up 4%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $357 | $46,267 | $24,581 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $1,302 | $2,175 |
| Schedule C compensation per participant | $14.75 | $113 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 4.1% | 0.25% | 0.44% | 0.26% |
| Administrative expenses per participant | $19.95 | $109 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), administrative and support and waste management services (1,682) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 661 | $236K | $357 | — | $190K | $10K |
| 2021 | 713 | $292K | $410 | $0 | $142K | $0 |
| 2020 | 685 | $149K | $218 | $0 | $65K | $0 |
| 2019 | 725 | $104K | $143 | $0 | $66K | $0 |
| 2018 | 638 | $46K | $72 | — | $48K | $0 |
| 2017 | 635 | $1,000 | $2 | $0 | $1,000 | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$292,062
- Employer contributions—
- Participant contributions$190,160
- Rollovers and other contributions—
- Total contributions$190,160
- Total income, including investment results$126,158
- Benefits paid$169,095
- Administrative expenses$13,184
- Total expenses$182,279
- Net income−$56,121
- Net transfers$0
- Net assets, end of year$235,941
Participants
- Active participants644
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits17
- Participants with account balances88
- Total participants, end of year661
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Paychex Inc. | Recordkeeping and information management | $9,751 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$13,047
- Investment advisory and management fees$137
- Total administrative expenses$13,184
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$220K · 93.4%
- Participant loans$15K · 6.5%
- Cash (interest and non-interest bearing)$267 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCherry Bekaert, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561210: Facilities Support Services.
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Dodson Brothers Exterminating Company, Inc. Profit Sharing 401(k) Plan | Dodson Brothers Exterminating Co., Inc. | 720 | $17.5M | $24,315 |
| National Rural Letter Carriers' Association Retirement Plan | National Rural Letter Carriers' Association | 518 | $10.2M | $19,723 |
| Sectek Savings and Retirement Plan | Sectek, Inc. | 726 | $4.7M | $6,429 |
| Qualx 401(k) Retirement Plan | Qualx Corporation | 490 | $10.8M | $22,124 |
| A.G. Van Metre Services, Inc. 401(k) Retirement Plan | A.G. Van Metre Services, Inc. | 758 | $82.3M | $108,556 |
| Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan | Marine Spill Response Corporation | 458 | $131M | $286,280 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Metropolitan Healthcare Service 401(k) Profit Sharing Plan & Trust?
661 participants at the end of the plan year ending 31 Dec 2022, of whom 644 were active employees, with net assets of $235,941. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Metropolitan Healthcare Service contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $9,751 in compensation to service provider organisations, $14.75 per participant or 4.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $13,184. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Metropolitan Healthcare Service. Recordkeeping or administration: Paychex Inc.. The financial statements were audited by Cherry Bekaert, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2022 to 31 Dec 2022, received by the Department of Labor on 28 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 84-1624391, plan 001, received 28 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.