2023 Form 5500 filing — Modern Profit Sharing 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 20241014073340NAL0051425522002) for Modern Profit Sharing 401(K) Plan, reported by Modern Holdings, Inc. under EIN 46-1382565 and plan number 005. It reports 142 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014073340NAL0051425522002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Holdings, Inc.
- EIN
- 46-1382565
- Plan number
- 005
- Location
- Cedar Rapids, IA
- Participants
- 142
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,573,178
- Net assets (EOY)
- $14,573,178
- Employer contributions
- $377,611
- Participant contributions
- $707,796
- Total income / additions
- $4,150,218
- Benefits paid
- $1,929,515
- Administrative expenses
- $106,198
- Total expenses
- $2,054,670
- Net increase / (decrease)
- $2,095,548
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lion Street Advisors LLC | INVESTMENT ADVISORY-PLAN | $67,472 | $0 |
| Transamerica Retirement Solutions | RECORDKEEPER | $33,082 | $0 |
| Definiti, LLC | THIRD PARTY ADMINISTRATOR | $2,475 | $116 |
| National Administration, Inc. | THIRD PARTY ADMIN. | $1,050 | $0 |