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, Modernistic, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by Modernistic, Inc. under EIN 41-0879039 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $13,446,802 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,446,802
- Total liabilities (EOY)
- $647,978
- Net assets (EOY)
- $12,798,824
- Net assets (BOY)
- $11,449,811
Income & contributions
- Employer contributions
- $95,642
- Participant contributions
- $314,161
- Total contributions
- $409,803
- Total income / additions
- $2,324,846
Expenses & distributions
- Benefits paid
- $973,861
- Administrative expenses
- $1,972
- Total expenses
- $975,833
- Net increase / (decrease)
- $1,349,013