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Original filing (PDF)20251007154731NAL0002804643001
METROPOLITAN DEVELOPMENT COUNCIL
Form 5500
FILING_RECEIVED
METROPOLITAN DEVELOPMENT COUNCIL 403(B) PLAN
403(b) retirement plan
Signals · 1
~117 bps in Sched C fees
Active participants
159
Accounts w/ balance
488
Plan assets (EOY)
$6.1M
Net assets (EOY)
$6.1M
How this plan invests
This plan
1 pooled trust
Schedule D
28 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 117 bps in Schedule C fees — 126% above peer band of 52 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for METROPOLITAN DEVELOPMENT COUNCIL.
Plan sponsor
Name
METROPOLITAN DEVELOPMENT COUNCIL
EIN
91-0780533
Address
721 FAWCETT AVENUE #201 · TACOMA, WA · 98402
Phone
(253) 383-3922
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
004
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-07
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2M · 403(b)(7) custodial accounts
Audit & trust (Schedule H)
Auditor
JOHNSON, STONE & PAGANO, P.S.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PCS | — | LAKEWOOD, CO | RECORDKEEPER INVEST. CO. | $16K | — |
Broker
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| D.A. DAVIDSON | — | BILLINGS, MT | AGENT | $42K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PROFESSIONAL BENEFIT SERVICES | 93-0998477 | SALEM, OR | TPA | $13K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| RELIASTAR LIFE INSURANCE COMPANY, | 41-0451140 | MINOT, ND | SERVICE PROVIDER | $0 | — |
Investments
28 direct securities · 1 pooled fund· $7.7M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$6.1M
28 holdings
Pooled Separate Account
$1.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| RELIASTAR LIFE ACCOUNT RELIASTAR LIFE INSURANCE COMPANY · EIN 41-0451140 / PN 000 | Pooled Separate Account | — | — | $1.7M | 27.3% | |
| Vanguard Treasury Money Market Investor Money Market | — | — | — | $1.4M | 23.2% | |
| Frost Total Return Bond Inst Short-term Bond ** 596 * Fund 182 Insurance Contract | — | — | — | $1.3M | 20.9% | |
| T. Rowe Price Capital Appreciation Mutual Fund | — | — | — | $511K | 8.4% | |
| Champlain Mid Cap Institutional Short-term Bond | — | — | — | $510K | 8.4% | |
| Invesco QQQ Trust Short-term Bond | — | — | — | $356K | 5.9% | |
| AMG Yacktman Focused Svc Mutual Fund | — | — | — | $331K | 5.4% | |
| Western Asset Mortgage Total Ret I Short-term Bond | — | — | — | $264K | 4.3% | |
| PIMCO Income Instl Short-term Bond | — | — | — | $262K | 4.3% | |
| Performance Trust Total Return Bond Short-term Bond | — | — | — | $259K | 4.3% | |
| Lazard Global Listed Infrastructure Inst Mutual Fund | — | — | — | $248K | 4.1% | |
| Voya Rus Lge Cap Gth Ind I Mutual Fund | — | — | — | $149K | 2.5% | |
| Party-in- Identity of Issuer, Borrower, Interest, Collateral, Par (d) Current Interest Lessor or Similar Party or Maturity Value Cost Value * American Funds Mutual Fund | — | — | — | $127K | 2.1% | |
| Voya T Rowe Pr DvMC Gr PF Mutual Fund | — | — | — | $56K | 0.9% | |
| Voya Lg Cap Growth Pt Is Mutual Fund | — | — | — | $51K | 0.8% | |
| Voya Growth and Income Prt C1I Mutual Fund | — | — | — | $49K | 0.8% | |
| T. Rowe Price Blue Chip Growth R Mutual Fund | — | — | — | $48K | 0.8% | |
| Fidelity VIP Index 500 PF Mutual Fund | — | — | — | $45K | 0.7% | |
| Participant notes receivable 4.25%-10.50% 0 | — | — | — | $33K | 0.5% | |
| Fixed Account A Insurance Contract | — | — | — | $25K | 0.4% | |
| First Eagle Global A Mutual Fund | — | — | — | $19K | 0.3% | |
| Lord Abbett Value Opportunities A Mutual Fund | — | — | — | $12K | 0.2% | |
| Templeton Global Bond R Short-term Bond | — | — | — | $10K | 0.2% | |
| Lord Abbett Short Duration Income A Short-term Bond | — | — | — | $10K | 0.2% | |
| PIMCO Income R Short-term Bond | — | — | — | $10K | 0.2% | |
| Voya Opp Global Portfolio Mutual Fund | — | — | — | $7K | 0.1% | |
| Transamerica Small Cap Growth I Mutual Fund | — | — | — | $3K | <0.1% | |
| TransAmerica Small/Mid Cap Value A Mutual Fund | — | — | — | $3K | <0.1% | |
| Fidelity VIP Equity Income Short-term Bond | — | — | — | $2K | <0.1% |