Metlife Group, Inc. 401(k) Review & Grade
Metlife 401(k) Plan
Bridgewater, NJFinance & Insurance14,790 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,438Employer $ per active participant
$10,683Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$8.3BNet plan assets, end of year
$262,162Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 34th |
| Employee saving | 65th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Metlife Group put in about $4,438 per active participant, below the typical peer ($5,179). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $65,639,028 |
| Participant (employee) contributions | $158,008,668 |
| Other contributions (incl. rollovers in) | $11,083,623 |
| Administrative expenses paid from the plan | $10,314,080 |
| Investment advisory & management fees | $10,314,080 |
| Benefits paid out | $673,519,066 |
| Net assets, start / end of year | $7.7B / $8.3B |
| Active participants, start / end of year | 14,717 / 14,863 |
| Participants with account balances | 31,714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche, LLP |
Largest service providers (Schedule C)
| Metlife Insurance Company | $7,614,494 reported compensation |
| Baillie Gifford Overseas LTD | $1,734,299 reported compensation |
| Metlife Invest Management Holdings | $1,029,551 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007065040NAL0007624240001, received 2025-10-07, EIN 55-0790010, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.