2023 Form 5500 filing — Modern Distributors 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 20241014150140NAL0054081634001) for Modern Distributors 401(K) Plan, reported by Modern Distributors, Inc. under EIN 61-0572459 and plan number 001. It reports 195 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014150140NAL0054081634001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Modern Distributors, Inc.
- EIN
- 61-0572459
- Plan number
- 001
- Location
- Somerset, KY
- Participants
- 195
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,976,606
- Net assets (EOY)
- $6,976,606
- Employer contributions
- $266,173
- Participant contributions
- $344,123
- Total income / additions
- $1,529,370
- Benefits paid
- $949,367
- Administrative expenses
- $39,539
- Total expenses
- $994,061
- Net increase / (decrease)
- $535,309
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Edward Jones | INVESTMENT ADVISOR | $17,371 | $0 |
| Capital Group Retirement Plan Servi | RECORDKEEPER | $4,688 | $0 |
| Bkd Llp | AUDITOR | $4,200 | $0 |
| Raymond James Fsa | REGISTERED INVESTMENT ADV | $3,327 | not reported in the loaded dataset |
| John Hancock Life Insurance Company | RECORDKEEPER | $595 | $0 |