Plan Snapshot
- Plan Sponsor: Modern Holdings, INC.
- Sponsor EIN: 461382565
- Sponsor Address: 500 WALFORD ROAD SW, CEDAR RAPIDS, IA, 52404
- Plan Type: 401(k)
- Total Participants: 98
- Total Assets: $14.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 98 | $14.6M | $377,611 | $707,796 |
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 |
|---|---|---|---|---|
| LION STREET ADVISORS LLC | Investment Advisor | $134,944 | — | $134,944 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $66,164 | — | $66,164 |
| DEFINITI, LLC | Recordkeeper | $4,950 | $232 | $5,182 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LION STREET ADVISORS LLC — Investment Advisor
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $206,290
- Estimated Expense Ratio: 1.416% 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 |
|---|---|---|---|---|---|
| 2023 | $106,198 | — | — | — | — |