# Modern Building, INC. 401(k) Plan
Source: https://planprovider.pro/companies/modern-building-inc-401k-plan

> Modern Building, INC.'s 401(k) plan: 107 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — 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|—|—|—|—|—|

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