2023 Form 5500 filing — Modern Automotive Network 401(K) And Profit Sharing 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 20241010082209NAL0020685857001) for Modern Automotive Network 401(K) And Profit Sharing Plan, reported by Modern Automotive Network, LLC under EIN 56-2274042 and plan number 002. It reports 896 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010082209NAL0020685857001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Automotive Network, LLC
- EIN
- 56-2274042
- Plan number
- 002
- Location
- Winston-Salem, NC
- Participants
- 896
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $24,603,532
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,603,532
- Employer contributions
- $0
- Participant contributions
- $2,138,294
- Total income / additions
- $5,863,158
- Benefits paid
- $1,314,957
- Administrative expenses
- $77,997
- Total expenses
- $1,471,272
- Net increase / (decrease)
- $4,391,886
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $27,001 | $0 |
| Oppenheimer & Co Inc | INVESTMENT ADVISOR | $21,707 | not reported in the loaded dataset |
| Clifton Larson Allen Wealth Advisor | AUDITOR | $15,832 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $13,457 | not reported in the loaded dataset |