Modern Drop Forge Company Employee Welfare Plan — Form 5500 plan (Modern Forge Services, LLC)
Plain-English plan 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, Modern Drop Forge Company Employee Welfare Plan is a benefit plan reported by Modern Forge Services, LLC under EIN 27-0474084 and plan number 501. The latest loaded filing year is 2023. The filing reports 461 participants and $1,193,506 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Forge Services, LLC
- EIN
- 27-0474084
- Plan number
- 501
- Plan type
- 2
- Location
- Merrillville, IN
- Latest filing year
- 2023
- Participants
- 461
- End-of-year plan assets
- $1,193,506
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 461 | H, C | 20240927095326NAL0001115347001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,193,506
- Total liabilities (EOY)
- $108,602
- Net assets (EOY)
- $1,084,904
- Net assets (BOY)
- $983,020
Income & contributions
- Employer contributions
- $5,704,321
- Participant contributions
- $1,915,906
- Total contributions
- $7,620,227
- Total income / additions
- $7,834,042
Expenses & distributions
- Benefits paid
- $7,672,080
- Administrative expenses
- $60,078
- Total expenses
- $7,732,158
- Net increase / (decrease)
- $101,884
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Umr, Inc. | CLAIMS PROCESSING | $478,986 | $16,748 | 2023 |
| Hub International Midwest Ltd | BROKER | $80,598 | not reported in the loaded dataset | 2023 |
| Perspectives Ltd | NONE | $13,575 | not reported in the loaded dataset | 2023 |
| Rxbenefits, Inc. | CLAIMS PROCESSING | $8,418 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Forge Services, LLC
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Merrillville, IN
- Umr, Inc. — Schedule C compensation
- Hub International Midwest Ltd — Schedule C compensation
- Perspectives Ltd — Schedule C compensation
- Rxbenefits, Inc. — Schedule C compensation