Retirement plan

MODERNISTIC, INC. PROFIT SHARING AND 401(K) PLAN

Name: MODERNISTIC, INC. - MODERNISTIC, INC. PROFIT SHARING AND 401(K) PLAN (2015) Form 5500
Creator: MODERNISTIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MODERNISTIC, INC. PROFIT SHARING AND 401(K) PLAN, MODERNISTIC, INC.

MODERNISTIC, INC.EIN 41-0879039Plan #001PY 2015

1987 INDUSTRIAL BOULEVARD SOUTH - STILLWATER, MN 55082651-291-7650modprint.comLinkedIn51-200 employeesprinting

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$10.1M

No prior year

Total participants

139

No prior year

Average account balance

$82,559

No prior year

Annual return

1.55%

No prior year

Benchmarks

See 1,746 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,746 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$14.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$129K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

111

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$442K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$33

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
INTERACTIVE RETIREMENT SYSTEMS1+ years Service code 15 · EIN 41-1632187	Recordkeeping	$2,023
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081	Recordkeeping	$1,120

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$26 / participant

Contract admin$2K64.4%
Other / not subdivided$1K35.6%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HINRICHS & ASSOCIATES, LTD
Auditor EIN: 411629155
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,559

$53,412+54.6%

$68,509+20.5%

$52,331+57.8%

Participation rate

86.1%

71.7%+14.4pp

74.7%+11.3pp

68.1%+18.0pp

Annual return

1.55%

3.42%-1.9pp

8.27%-6.7pp

4.54%-3.0pp

Employer contribution / active EE

$1,607-100.0%

$2,278-100.0%

$1,882-100.0%

Participant deferral / active EE

$2,104

$2,688-21.7%

$3,382-37.8%

$3,022-30.4%

Admin fee / account holder

$26

$461-94.4%

$5,275-99.5%

$592-95.6%

Provider

Service type

Compensation

INTERACTIVE RETIREMENT SYSTEMS1+ years

Service code 15 · EIN 41-1632187

Recordkeeping

$2,023

ALERUS FINANCIAL, N.A.1+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$1,120

MODERNISTIC, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MODERNISTIC, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion