Plan Snapshot
- Plan Sponsor: Modern Wealth Business, LLC
- Sponsor EIN: 922228304
- Sponsor Address: 13550 W 95TH ST, LENEXA, KS, 66215
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 267
- Total Assets: $16.5M
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. |
|---|---|---|---|---|
| 2025 | 267 | $16.5M | $0 | $0 |
| 2024 | 144 | $7.8M | $532,819 | $1.1M |
| 2023 | 80 | $4.2M | $248,927 | $523,835 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS, LLC | Recordkeeper | $13,295 | — | $13,295 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,295
- Estimated Expense Ratio: 0.080% 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 |
|---|---|---|---|---|---|
| 2025 | $1,727,814 | — | — | — | — |
| 2024 | $720,719 | — | — | — | — |
| 2023 | $348,536 | — | — | — | — |