Plan Snapshot
- Plan Sponsor: Modern Life INC.
- Sponsor EIN: 364883813
- Sponsor Address: 2261 MARKET STREET, STE 85847, SAN FRANCISCO, CA, 94114
- Plan Type: 401(k)
- Total Participants: 266
- Total Assets: $16.6M
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 | 266 | $16.6M | $0 | $3.2M |
| 2023 | 269 | $15.3M | $836 | $3.6M |
| 2022 | 389 | $11.0M | $0 | $4.4M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
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 | $78,139 | $78,139 | — | — | — |
| 2023 | $63,450 | $63,450 | — | — | — |
| 2022 | $47,133 | $47,133 | — | — | — |