Plan Snapshot
- Plan Sponsor: The Modern Group, Ltd.
- Sponsor EIN: 760346549
- Sponsor Address: 1655 LOUISIANA STREET, BEAUMONT, TX, 77701
- Plan Type: 401(k)
- Total Participants: 1,538
- Total Assets: $34.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,538 | $34.1M | $698,009 | $3.1M |
| 2023 | 1,540 | $29.6M | $660,331 | $3.0M |
| 2022 | 1,348 | $24.7M | $635,009 | $2.7M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $104,982 | — | $104,982 |
| UBS FINANCIAL SERVICES INC. | RIA | $102,039 | — | $102,039 |
| COMPENSATION STRATEGIES GROUP, LTD | TPA | $26,472 | — | $26,472 |
| LAWRENCE BLACKBURN MEEK MAXEY & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $233,493
- Estimated Expense Ratio: 0.686% 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 | $233,493 | $102,039 | $26,472 | — | — |
| 2023 | $208,811 | $92,357 | $92,598 | — | — |
| 2022 | $197,710 | $84,860 | $84,623 | — | $28,227 |