Plan Snapshot
- Plan Sponsor: Modern Distributors, INC.
- Sponsor EIN: 610572459
- Sponsor Address: 385 VALLEY OAK DRIVE, SOMERSET, KY, 42503
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 173 | $8.0M | $271,979 | $375,932 |
| 2023 | 175 | $7.0M | $266,173 | $344,123 |
| 2022 | 174 | $6.4M | $169,801 | $299,430 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
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 | $45,058 | $22,198 | $5,327 | — | — |
| 2023 | $39,539 | $20,698 | $5,390 | $4,200 | — |
| 2022 | $48,858 | — | $48,858 | — | — |