Plan Snapshot
- Plan Sponsor: Modigent LLC
- Sponsor EIN: 861027390
- Sponsor Address: 410 NORTH 44TH STREET, SUITE 650, PHOENIX, AZ, 85008
- Plan Type: 401(k)
- Total Participants: 1,448
- Total Assets: $50.9M
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 | 1,448 | $50.9M | $2.9M | $5.3M |
| 2023 | 1,245 | $29.9M | $1.9M | $3.6M |
| 2022 | 623 | $13.3M | $815,212 | $1.6M |
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 |
|---|---|---|---|---|
| ASSETMARK RETIREMENT SERVICES, INC. | NONE | $261,579 | — | $261,579 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,579
- Estimated Expense Ratio: 0.514% 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 | $261,579 | $117,773 | — | — | — |
| 2023 | $176,455 | $82,607 | — | — | — |
| 2022 | $106,569 | — | — | — | — |