2023 Form 5500 filing — Modern Drop Forge Company Employee Welfare 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 20240927095326NAL0001115347001) for Modern Drop Forge Company Employee Welfare Plan, reported by Modern Forge Services, LLC under EIN 27-0474084 and plan number 501. It reports 461 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927095326NAL0001115347001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Forge Services, LLC
- EIN
- 27-0474084
- Plan number
- 501
- Location
- Merrillville, IN
- Participants
- 461
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,193,506
- Total liabilities (EOY)
- $108,602
- Net assets (EOY)
- $1,084,904
- Employer contributions
- $5,704,321
- Participant contributions
- $1,915,906
- Total income / additions
- $7,834,042
- Benefits paid
- $7,672,080
- Administrative expenses
- $60,078
- Total expenses
- $7,732,158
- Net increase / (decrease)
- $101,884
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Umr, Inc. | CLAIMS PROCESSING | $478,986 | $16,748 |
| Hub International Midwest Ltd | BROKER | $80,598 | not reported in the loaded dataset |
| Perspectives Ltd | NONE | $13,575 | not reported in the loaded dataset |
| Rxbenefits, Inc. | CLAIMS PROCESSING | $8,418 | not reported in the loaded dataset |