The Modern Group 401(K) Plan — Form 5500 plan (The Modern Group, Ltd.)
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, The Modern Group 401(K) Plan is a benefit plan reported by The Modern Group, Ltd. under EIN 76-0346549 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,620 participants and $29,558,214 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Modern Group, Ltd.
- EIN
- 76-0346549
- Plan number
- 001
- Plan type
- 2
- Location
- Beaumont, TX
- Latest filing year
- 2023
- Participants
- 1,620
- End-of-year plan assets
- $29,558,214
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,620 | H, C | 20241117170116NAL0000614161001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,558,214
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,558,214
- Net assets (BOY)
- $24,686,157
Income & contributions
- Employer contributions
- $660,331
- Participant contributions
- $2,989,023
- Total contributions
- $3,841,788
- Total income / additions
- $7,576,623
Expenses & distributions
- Benefits paid
- $2,453,745
- Administrative expenses
- $208,811
- Total expenses
- $2,704,566
- Net increase / (decrease)
- $4,872,057
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $92,597 | $0 | 2023 |
| Ubs Financial Services Inc. | RIA | $92,357 | $0 | 2023 |
| Compensation Strategies Group, Ltd | TPA | $13,706 | $0 | 2023 |
| Lawrence Blackburn Meek Maxey & Co | AUDITOR | $10,150 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The Modern Group, Ltd.
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Beaumont, TX
- John Hancock Life Insurance Company — Schedule C compensation
- Ubs Financial Services Inc. — Schedule C compensation
- Compensation Strategies Group, Ltd — Schedule C compensation
- Lawrence Blackburn Meek Maxey & Co — Schedule C compensation