Modern Forge Companies Employee Retirement Benefit Plan — Form 5500 plan (Modern Forge Services, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Modern Forge Companies Employee Retirement Benefit Plan is a benefit plan reported by Modern Forge Services, LLC under EIN 36-4773498 and plan number 002. The latest loaded filing year is 2023. The filing reports 823 participants and $69,113,172 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$69.1MPlan net assets, end of year$69,113,172
Participants823Covered participants reported
Assets / participant$84KComputed: assets ÷ participants$83,977 (computed)
Provider compensation$91.5K3 Schedule C provider row(s)$91,494
Plan sponsor
Modern Forge Services, LLC
EIN
36-4773498
Plan number
002
Plan type
2
Location
Blue Island, IL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023823H, C20250121081258NAL0003341121001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$69.1M total assets
Net assets$69.1MLiabilities$0
Money in vs. money out
Total income / additions$10.7M
Total expenses$7.5M
Benefits paid / distributions$7.4M
Contributions
Employer$875.8K
Participant$2M
Full reported line items

Net assets

Total assets (EOY)
$69,113,172
Total liabilities (EOY)
$0
Net assets (EOY)
$69,113,172
Net assets (BOY)
$65,920,932

Income & contributions

Employer contributions
$875,791
Participant contributions
$1,984,595
Total contributions
$3,350,148
Total income / additions
$10,680,415

Expenses & distributions

Benefits paid
$7,382,963
Administrative expenses
$92,597
Total expenses
$7,488,175
Net increase / (decrease)
$3,192,240
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 31%Participant 69%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income69%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Advisory Group, LLCOTHER$91,194not reported in the loaded dataset2023
Qdro Consultants Company, LLCOTHER$300not reported in the loaded dataset2023
Empower Annuity Insurance Company OOTHER$0$02023

Related Form 5500 pages