401(k) · DOL Form 5500 · 2022

Modernistic, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
108
Participants Small participant base
68th
Percentile by assets National rank
$108,865
Avg per participant Below avg balance/head
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Official DOL plan name: Modernistic, Inc. Profit Sharing and 401(k) Plan · Sponsored by Modernistic, Inc. · Minnesota · Manufacturing

$12M in assets, 108 participants

Modernistic, Inc.'s Modernistic, Inc. Profit Sharing and 401(k) Plan reported $12M in total assets and 108 participants in its 2022 DOL Form 5500 filing, ranking in the 68th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #11,596 in Manufacturing (20,602 peers)

Coverage in Minnesota

Modernistic, Inc. Profit Sharing and 401(k) Plan covers 108 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#11,596
in Manufacturing (20,602 peers)
-20.7%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Modernistic, Inc. Profit Sharing and 401(k) Plan's outsized position by total assets

Modernistic, Inc. Profit Sharing and 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$11,757,469 Top 32% higher than 68% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Modernistic, Inc. Profit Sharing and 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modernistic, Inc. Profit Sharing and 401(k) Plan sits mid-pack in the medium band (108 participants).

Plan-year Form 5500 strip

Filing strip 410879039 · Modernistic, Inc. PY 2022 · 401(k)

Modernistic, Inc. Profit Sharing and 401(k) Plan · $12M · 108 · 68th

  • TYPE $12M
  • TYPE 108
  • TYPE 68th
  • TYPE 401(k)
  • TYPE near Milwaukee Public Museum, Inc. 401(k) Savings Plan
  • TYPE ind #11596

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Modernistic, Inc. Profit Sharing and 401(k) Plan in the asset neighbourhood

Modernistic, Inc. Profit Sharing and 401(k) PlanModernistic, Inc. Profit Sha…$12MMilwaukee Public Museum, Inc. 401(k) Savings PlanMilwaukee Public Museum, Inc…$12MKt Company, LLC 401(k) Plan$12MWss 401(k) Plan$12MHoefer Welker, LLC 401(k) PlanHoefer Welker, LLC 401(k) Pl…$12M
End-of-year total assets ($M) among Modernistic, Inc. Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$11M
Net Income-$3M
Employer EIN410879039
Plan Effective Date1965-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Modernistic, Inc.)

Sponsor-wide plan assets over time

All Modernistic, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 21.93215223446475% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.8M $14.3M ▲ +21.9%
Year Plans Participants Total Assets
2022 1 108 $12M
2023 1 111 $13M
2024 1 105 $14M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Modernistic, Inc. Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Modernistic, Inc. Profit Sharing and 401(k) Plan, Total assets ($B): 0.011757469 · Participants: 108Modernistic, Inc. Profit Sharing and 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Modernistic, Inc. Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Modernistic, Inc. Profit Sharing and 401(k) Plan side-by-side with 3 peers →

Modernistic, Inc. Profit Sharing and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Milwaukee Public Museum, Inc. 401(k) Savings Plan in WI ($12M); by covered participants it is Holman Professional Counseling 401(k) Plan in CA (108 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (108 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Modernistic, Inc. Profit Sharing and 401(k) Plan assets move in 2022? ▼
Modernistic, Inc. Profit Sharing and 401(k) Plan declined sharply - down 20.7% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Modernistic, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modernistic, Inc.'s sponsor-wide assets grew 21.9%, from $12M to $14M.
Which 401(k) plans are similar in size to Modernistic, Inc. Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Milwaukee Public Museum, Inc. 401(k) Savings Plan in WI ($12M, 99 participants).
Which 401(k) plans cover a similar participant headcount to Modernistic, Inc. Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Holman Professional Counseling 401(k) Plan in CA (108 participants, $1M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410879039.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.