Modern Profit Sharing 401(K) Plan — Form 5500 plan (Modern Holdings, Inc.)
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 Profit Sharing 401(K) Plan is a benefit plan reported by Modern Holdings, Inc. under EIN 46-1382565 and plan number 005. The latest loaded filing year is 2023. The filing reports 142 participants and $14,573,178 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Holdings, Inc.
- EIN
- 46-1382565
- Plan number
- 005
- Plan type
- 2
- Location
- Cedar Rapids, IA
- Latest filing year
- 2023
- Participants
- 142
- End-of-year plan assets
- $14,573,178
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 142 | H, C | 20241014073340NAL0051425522002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,573,178
- Net assets (EOY)
- $14,573,178
- Net assets (BOY)
- $12,477,630
Income & contributions
- Employer contributions
- $377,611
- Participant contributions
- $707,796
- Total contributions
- $1,519,091
- Total income / additions
- $4,150,218
Expenses & distributions
- Benefits paid
- $1,929,515
- Administrative expenses
- $106,198
- Total expenses
- $2,054,670
- Net increase / (decrease)
- $2,095,548
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lion Street Advisors LLC | INVESTMENT ADVISORY-PLAN | $67,472 | $0 | 2023 |
| Transamerica Retirement Solutions | RECORDKEEPER | $33,082 | $0 | 2023 |
| Definiti, LLC | THIRD PARTY ADMINISTRATOR | $2,475 | $116 | 2023 |
| National Administration, Inc. | THIRD PARTY ADMIN. | $1,050 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Holdings, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in Cedar Rapids, IA
- Lion Street Advisors LLC — Schedule C compensation
- Transamerica Retirement Solutions — Schedule C compensation
- Definiti, LLC — Schedule C compensation
- National Administration, Inc. — Schedule C compensation