401k Plan data: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN plan

MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan Name	MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN
Plan identification number	005

MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MODERN COMPANIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: MODERN COMPANIES, INC.

Employer identification number (EIN): 461410855

NAIC Classification: 238220
NAIC Description: Plumbing, Heating, and Air-Conditioning Contractors

Additional information about MODERN COMPANIES, INC.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities

Incorporation Date: 2012-11-09

Company Identification Number: 445871

Legal Registered Office Address: 500 WALFORD RD SW

CEDAR RAPIDS
United States of America (USA)
52404

More information about MODERN COMPANIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2022-01-01
005 2021-01-01
005 2020-01-01
005 2020-01-01
005 2019-01-01
005 2019-01-01
005 2018-01-01 NICK STREIT 2019-10-02
005 2017-01-01 MATT HUBER 2018-10-09
005 2016-01-01 MATT HUBER 2017-10-13

Plan Statistics for MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2022: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 179
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 95
Number of retired or separated participants receiving benefits 2022-01-01 7
Number of other retired or separated participants entitled to future benefits 2022-01-01 98
Total of all active and inactive participants 2022-01-01 200
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 200
Number of participants with account balances 2022-01-01 175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 13
2021: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 164
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 78
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 71
Total of all active and inactive participants 2021-01-01 149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 149
Number of participants with account balances 2021-01-01 149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 14
2020: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 161
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 103
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 60
Total of all active and inactive participants 2020-01-01 163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 163
Number of participants with account balances 2020-01-01 152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 11
2019: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 144
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 100
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 54
Total of all active and inactive participants 2019-01-01 154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 154
Number of participants with account balances 2019-01-01 154

Measure	Date	Value
2022: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	179
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	95
Number of retired or separated participants receiving benefits	2022-01-01	7
Number of other retired or separated participants entitled to future benefits	2022-01-01	98
Total of all active and inactive participants	2022-01-01	200
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	200
Number of participants with account balances	2022-01-01	175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	13
2021: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	164
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	78
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	71
Total of all active and inactive participants	2021-01-01	149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	149
Number of participants with account balances	2021-01-01	149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	14
2020: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	161
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	103
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	60
Total of all active and inactive participants	2020-01-01	163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	163
Number of participants with account balances	2020-01-01	152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	11
2019: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	144
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	100
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	54
Total of all active and inactive participants	2019-01-01	154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	154
Number of participants with account balances	2019-01-01	154

Financial Data on MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN

Measure	Date	Value
2022 : MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-2,118,929
Total of all expenses incurred	2022-12-31	$571,592
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$416,409
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,272,156
Value of total assets at end of year	2022-12-31	$12,477,630
Value of total assets at beginning of year	2022-12-31	$15,168,151
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$155,183
Total interest from all sources	2022-12-31	$2,497
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$623,314
Participant contributions at end of year	2022-12-31	$50,410
Participant contributions at beginning of year	2022-12-31	$50,475
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$316,834
Other income not declared elsewhere	2022-12-31	$57,351
Total non interest bearing cash at end of year	2022-12-31	$13,658
Total non interest bearing cash at beginning of year	2022-12-31	$17,363
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-2,690,521
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$12,477,630
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$15,168,151
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$12,354,301
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$15,059,945
Interest on participant loans	2022-12-31	$2,497
Value of interest in common/collective trusts at end of year	2022-12-31	$56,264
Value of interest in common/collective trusts at beginning of year	2022-12-31	$40,368
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-3,451,982
Net investment gain or loss from common/collective trusts	2022-12-31	$1,049
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$332,008
Employer contributions (assets) at end of year	2022-12-31	$2,997
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$416,409
Contract administrator fees	2022-12-31	$155,183
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	OLSEN THIELEN & CO., LTD.
Accountancy firm EIN	2022-12-31	411360831
2021 : MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$3,060,241
Total of all expenses incurred	2021-12-31	$452,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$260,796
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$856,241
Value of total assets at end of year	2021-12-31	$15,168,151
Value of total assets at beginning of year	2021-12-31	$12,560,393
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$191,687
Total interest from all sources	2021-12-31	$2,517
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$283,387
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$283,387
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$531,367
Participant contributions at end of year	2021-12-31	$50,475
Participant contributions at beginning of year	2021-12-31	$45,722
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$66,177
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Other income not declared elsewhere	2021-12-31	$82,437
Total non interest bearing cash at end of year	2021-12-31	$17,363
Total non interest bearing cash at beginning of year	2021-12-31	$15,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Income. Non cash contributions	2021-12-31	$0
Value of net income/loss	2021-12-31	$2,607,758
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$15,168,151
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$12,560,393
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$15,059,945
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$12,460,137
Interest on participant loans	2021-12-31	$2,517
Value of interest in common/collective trusts at end of year	2021-12-31	$40,368
Value of interest in common/collective trusts at beginning of year	2021-12-31	$38,616
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,834,883
Net investment gain or loss from common/collective trusts	2021-12-31	$776
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$258,697
Employer contributions (assets) at end of year	2021-12-31	$0
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$260,796
Contract administrator fees	2021-12-31	$191,687
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	OLSEN THIELEN & CO, LTD
Accountancy firm EIN	2021-12-31	411360831
2020 : MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$335,178
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$3,358,296
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,156,479
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,018,496
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$882,435
Value of total assets at end of year	2020-12-31	$12,560,393
Value of total assets at beginning of year	2020-12-31	$10,693,754
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$137,983
Total interest from all sources	2020-12-31	$3,030
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$227,682
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$227,682
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$540,927
Participant contributions at end of year	2020-12-31	$45,722
Participant contributions at beginning of year	2020-12-31	$54,375
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$1,896
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$32,115
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$53,024
Total non interest bearing cash at end of year	2020-12-31	$15,918
Total non interest bearing cash at beginning of year	2020-12-31	$13,387
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$2,201,817
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$12,560,393
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$10,693,754
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$12,460,137
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$10,589,659
Interest on participant loans	2020-12-31	$3,030
Value of interest in common/collective trusts at end of year	2020-12-31	$38,616
Value of interest in common/collective trusts at beginning of year	2020-12-31	$33,409
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$2,191,556
Net investment gain or loss from common/collective trusts	2020-12-31	$569
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$309,393
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$1,028
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,018,496
Contract administrator fees	2020-12-31	$137,983
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	No
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	RSM US LLP
Accountancy firm EIN	2020-12-31	420714325
2019 : MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$2,281
Total income from all sources (including contributions)	2019-12-31	$3,297,672
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$757,446
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$630,678
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$969,473
Value of total assets at end of year	2019-12-31	$10,693,754
Value of total assets at beginning of year	2019-12-31	$8,155,809
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$126,768
Total interest from all sources	2019-12-31	$2,836
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$159,300
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$159,300
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$542,515
Participant contributions at end of year	2019-12-31	$54,375
Participant contributions at beginning of year	2019-12-31	$28,806
Participant contributions at end of year	2019-12-31	$1,896
Participant contributions at beginning of year	2019-12-31	$159
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$140,037
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$2,281
Other income not declared elsewhere	2019-12-31	$48,315
Total non interest bearing cash at end of year	2019-12-31	$13,387
Total non interest bearing cash at beginning of year	2019-12-31	$10,883
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,540,226
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$10,693,754
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$8,153,528
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$10,589,659
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$7,941,630
Interest on participant loans	2019-12-31	$2,836
Value of interest in common/collective trusts at end of year	2019-12-31	$33,409
Value of interest in common/collective trusts at beginning of year	2019-12-31	$174,331
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,113,548
Net investment gain or loss from common/collective trusts	2019-12-31	$4,200
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$286,921
Employer contributions (assets) at end of year	2019-12-31	$1,028
Employer contributions (assets) at beginning of year	2019-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$630,678
Contract administrator fees	2019-12-31	$126,768
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	RSM US LLP
Accountancy firm EIN	2019-12-31	420714325

Form 5500 Responses for MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN

2022: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Mulitple employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MODERN COMPANIES, INC. PROFIT SHARING 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

512191-000

Policy instance

Insurance contract or identification number	512191-000
Number of Individuals Covered	149
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of fees paid to insurance company	USD $6,372
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	6372
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

512191-000

Policy instance

Insurance contract or identification number	512191-000
Number of Individuals Covered	149
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $7,051
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	7051
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

512191-000

Policy instance

Insurance contract or identification number	512191-000
Number of Individuals Covered	163
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $5,302
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	5302
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

512191-000

Policy instance

Insurance contract or identification number	512191-000
Number of Individuals Covered	154
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $4,841
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	4841
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	5

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Company Name:	MODERN COMPANIES, INC.
Employer identification number (EIN):	461410855
NAIC Classification:	238220
NAIC Description:	Plumbing, Heating, and Air-Conditioning Contractors

Jurisdiction of Incorporation:	Iowa Secretary of State Business Entities
Incorporation Date:	2012-11-09
Company Identification Number:	445871
Legal Registered Office Address:	500 WALFORD RD SW CEDAR RAPIDS United States of America (USA) 52404