Plan Snapshot
- Plan Sponsor: Modcomp, INC.
- Sponsor EIN: 582336703
- Sponsor Address: 1182 E NEWPORT CENTER, DR. DEERFIELD BEACH, FL, 33442
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $13.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 86 | $13.2M | $166,052 | $733,911 |
| 2023 | 95 | $10.6M | $155,783 | $639,450 |
| 2022 | 83 | $8.4M | $135,978 | $574,759 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO., LTD. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $34,815 | $10,000 | — | — | — |
| 2023 | $29,567 | $10,000 | — | — | — |
| 2022 | $29,298 | — | — | — | — |