2023 Form 5500 filing — Modern Technology Solutions, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240731081636NAL0021918737001) for Modern Technology Solutions, Inc. 401(K) Plan, reported by Modern Technology Solutions Inc under EIN 54-1670018 and plan number 001. It reports 2,012 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731081636NAL0021918737001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Technology Solutions Inc
- EIN
- 54-1670018
- Plan number
- 001
- Location
- Alexandria, VA
- Participants
- 2,012
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $324,272,381
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $324,272,381
- Employer contributions
- $12,910,008
- Participant contributions
- $24,879,676
- Total income / additions
- $94,008,232
- Benefits paid
- $21,299,560
- Administrative expenses
- $417,537
- Total expenses
- $21,721,563
- Net increase / (decrease)
- $72,286,669
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $416,964 | $0 |
| Lincoln Financial Advisors Corporat | OTHER SERVICES | $0 | $166,870 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |