Plan Snapshot
- Plan Sponsor: Modern Building, INC.
- Sponsor EIN: 942209753
- Sponsor Address: 3083 SOUTHGATE LN, CHICO, CA, 95928
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $8.6M
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 | 107 | $8.6M | $1.2M | $307,647 |
| 2023 | 115 | $7.6M | $801,312 | $299,233 |
| 2022 | 99 | $6.2M | $445,089 | $316,443 |
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 |
|---|---|---|---|---|
| SWEENEY & MICHEL LLC | ADVISOR | $32,631 | — | $32,631 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $20,671 | — | $20,671 |
| RICHARDSON KONTOGOURIS EMERSON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,302
- Estimated Expense Ratio: 0.621% of plan assets
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 | $53,404 | $32,733 | — | — | — |
| 2023 | $678,820 | — | $43,385 | — | — |
| 2022 | — | — | — | — | — |