Modern Hire, Inc. 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Modern Hire, Inc.)
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 Hire, Inc. 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Modern Hire, Inc. under EIN 75-3007508 and plan number 001. The latest loaded filing year is 2023. The filing reports 216 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Modern Hire, Inc.
- EIN
- 75-3007508
- Plan number
- 001
- Plan type
- 2
- Location
- Cleveland, OH
- Latest filing year
- 2023
- Participants
- 216
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 216 | H, C | 20241015135051NAL0049713472001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $16,610,412
Income & contributions
- Employer contributions
- $100,671
- Participant contributions
- $716,742
- Total contributions
- $1,118,498
- Total income / additions
- $3,164,573
Expenses & distributions
- Benefits paid
- $19,750,482
- Administrative expenses
- $24,503
- Total expenses
- $19,774,985
- Net increase / (decrease)
- -$16,610,412
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Trinity Pension Consultants | TPA | $0 | $7,160 | 2023 |