Plan Snapshot
- Plan Sponsor: Modern Forge Services, LLC
- Sponsor EIN: 270474084
- Sponsor Address: 8757 COLORADO STREET, MERRILLVILLE, IN, 46410
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 446
- Total Assets: $343,919
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 446 | $343,919 | $6.0M | $1.8M |
| 2023 | 550 | $1.2M | $5.7M | $1.9M |
| 2022 | 450 | $1.1M | $3.9M | $1.9M |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $346,567 | $19,977 | $366,544 |
| HUB INT'L MIDWEST LIMITED | Investment Advisor | $54,418 | — | $54,418 |
| COTTINGHAM & BUTLER INS SRVCS INC | Investment Advisor | $16,002 | — | $16,002 |
| RXBENEFITS, INC. | Other Service Provider | $8,171 | — | $8,171 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $445,135
- Estimated Expense Ratio: 129.430% 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 | $134,902 | — | $134,902 | — | — |
| 2023 | $60,078 | — | $60,078 | — | — |
| 2022 | $142,838 | — | — | — | $142,838 |