Modern Method Gunite, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Modern Method Gunite, 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 Method Gunite, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Modern Method Gunite, Inc. under EIN 76-0008170 and plan number 001. The latest loaded filing year is 2023. The filing reports 199 participants and $19,853,270 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$19.9MPlan net assets, end of year$19,853,270
Participants199Covered participants reported
Assets / participant$99.8KComputed: assets ÷ participants$99,765 (computed)
Provider compensation$89.7K5 Schedule C provider row(s)$89,735
- Plan sponsor
- Modern Method Gunite, Inc.
- EIN
- 76-0008170
- Plan number
- 001
- Plan type
- 2
- Location
- Tomball, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 199 | H, C | 20250415164810NAL0003598065001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$19.9M total assets
Net assets$19.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $19,853,270
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,853,270
- Net assets (BOY)
- $16,287,869
Income & contributions
- Employer contributions
- $987,669
- Participant contributions
- $593,826
- Total contributions
- $1,649,022
- Total income / additions
- $4,199,904
Expenses & distributions
- Benefits paid
- $568,262
- Administrative expenses
- $66,241
- Total expenses
- $634,503
- Net increase / (decrease)
- $3,565,401
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
62%38%
Employer 62%Participant 38%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income14%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $46,693 | $0 | 2023 |
| Lpl Financial | INVESTMENT ADVISOR | $28,979 | not reported in the loaded dataset | 2023 |
| Nova 401(K) Associates | CONTRACT ADMIN | $2,675 | $8,857 | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $1,743 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $788 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Modern Method Gunite, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Tomball, TX
- Empower Annuity Insurance Company O — Schedule C compensation
- Lpl Financial — Schedule C compensation
- Nova 401(K) Associates — Schedule C compensation
- John Hancock Life Insurance Company — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation