Modern Automotive Network 401(K) And Profit Sharing Plan — Form 5500 plan (Modern Automotive Network, 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 Automotive Network 401(K) And Profit Sharing Plan is a benefit plan reported by Modern Automotive Network, LLC under EIN 56-2274042 and plan number 002. The latest loaded filing year is 2023. The filing reports 896 participants and $24,603,532 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Automotive Network, LLC
- EIN
- 56-2274042
- Plan number
- 002
- Plan type
- 2
- Location
- Winston-Salem, NC
- Latest filing year
- 2023
- Participants
- 896
- End-of-year plan assets
- $24,603,532
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 896 | H, C | 20241010082209NAL0020685857001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,603,532
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,603,532
- Net assets (BOY)
- $20,211,646
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $2,138,294
- Total contributions
- $2,219,050
- Total income / additions
- $5,863,158
Expenses & distributions
- Benefits paid
- $1,314,957
- Administrative expenses
- $77,997
- Total expenses
- $1,471,272
- Net increase / (decrease)
- $4,391,886
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $27,001 | $0 | 2023 |
| Oppenheimer & Co Inc | INVESTMENT ADVISOR | $21,707 | not reported in the loaded dataset | 2023 |
| Clifton Larson Allen Wealth Advisor | AUDITOR | $15,832 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $13,457 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Automotive Network, LLC
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Winston-Salem, NC
- Empower Annuity Insurance Company O — Schedule C compensation
- Oppenheimer & Co Inc — Schedule C compensation
- Clifton Larson Allen Wealth Advisor — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation