# The Modern Group, Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/the-modern-group-ltd-401k-plan

> The Modern Group, Ltd.'s 401(k) plan: 1,538 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — 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|

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