Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Modern Builders Supply, Incorporated · Ohio · Wholesale Trade

What the 2023 filing shows

Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan holds $30M for 597 participants — about $50,460 per participant, down 16.8% over the 2022 plan year.

$30M
total plan assets (2022 EOY): 597
covered participants: $50,460
avg assets per participant: -16.8%
assets change YoY

The plan reported a net loss of $6M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$30M

Participants

597

State

Ohio

Industry

Wholesale Trade

What the Filing Says About Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan

Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan is a 401(k) retirement plan sponsored by Modern Builders Supply, Incorporated, headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $30M in total end-of-year assets and covers 597 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 341236290, and the plan has been effective since 1970-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $36M at the beginning of 2022 to $30M at year-end — a decline of 16.8%. Net assets (after liabilities) closed the year at $30M, with reported net income of $-6,050,710 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$36M
Total Assets (End of Year)	$30M
Net Assets (End of Year)	$30M
Net Income	$-6,050,710
Plan Type	401(k)
Employer EIN	341236290
Plan Effective Date	1970-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Modern Builders Supply, Incorporated)

Year	Plans	Participants	Total Assets
2022	1	597	$30M
2023	1	642	$34M
2024	1	611	$37M

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Marathon Petroleum Thrift Plan $7.5B · 17,818

Compare Modern Builders Supply, Inc. Employees' … side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan? ▼

As of the 2022 Form 5500 filing, Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan holds $30M in total assets with 597 participants. It is sponsored by Modern Builders Supply, Incorporated.

What type of plan is Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan? ▼

Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan is a 401(k) plan. It has been effective since 1970-05-01. The plan is filed with the U.S. Department of Labor under EIN 341236290.

Who sponsors the Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan? ▼

Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan is sponsored by Modern Builders Supply, Incorporated, located in Ohio. The sponsor's EIN is 341236290 and the plan operates in the Wholesale Trade industry.

How did Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan perform in 2022? ▼

Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan declined by 16.8% during 2022, moving from $36M to $30M in total assets. Net income was $-6,050,710.

Where can I find official filings for Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan? ▼

Official Form 5500 filings for Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 341236290 or plan name at efast.dol.gov.

How does Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan compare to other plans? ▼

You can compare Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan against other 401(k) plans on the plan type page, or view plans in Ohio on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.