Modern Distributors 401(K) Plan — Form 5500 plan (Modern Distributors, 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 Distributors 401(K) Plan is a benefit plan reported by Modern Distributors, Inc. under EIN 61-0572459 and plan number 001. The latest loaded filing year is 2023. The filing reports 195 participants and $6,976,606 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Distributors, Inc.
- EIN
- 61-0572459
- Plan number
- 001
- Plan type
- 2
- Location
- Somerset, KY
- Latest filing year
- 2023
- Participants
- 195
- End-of-year plan assets
- $6,976,606
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 195 | H, C | 20241014150140NAL0054081634001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,976,606
- Net assets (EOY)
- $6,976,606
- Net assets (BOY)
- $6,441,297
Income & contributions
- Employer contributions
- $266,173
- Participant contributions
- $344,123
- Total contributions
- $610,296
- Total income / additions
- $1,529,370
Expenses & distributions
- Benefits paid
- $949,367
- Administrative expenses
- $39,539
- Total expenses
- $994,061
- Net increase / (decrease)
- $535,309
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Edward Jones | INVESTMENT ADVISOR | $17,371 | $0 | 2023 |
| Capital Group Retirement Plan Servi | RECORDKEEPER | $4,688 | $0 | 2023 |
| Bkd Llp | AUDITOR | $4,200 | $0 | 2023 |
| Raymond James Fsa | REGISTERED INVESTMENT ADV | $3,327 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $595 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Distributors, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Somerset, KY
- Edward Jones — Schedule C compensation
- Capital Group Retirement Plan Servi — Schedule C compensation
- Bkd Llp — Schedule C compensation
- Raymond James Fsa — Schedule C compensation
- John Hancock Life Insurance Company — Schedule C compensation