Other
2023 plan-year Other DOL Form 5500

Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust

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

Sponsored by Modern Technology Solutions, Inc. · Virginia · Professional & Technical Services

What the 2023 filing shows

Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust holds $322M for 1,652 participants — about $194,625 per participant, up 36.6% over the 2023 plan year.

$322M
total plan assets (2023 EOY)
1,652
covered participants
$194,625
avg assets per participant
+36.6%
assets growth YoY
Total Assets (2023)
$322M
Participants
1,652
State
Industry
Professional & Technical Services

What the Filing Says About Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust

Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust is a Other retirement plan sponsored by Modern Technology Solutions, Inc., headquartered in Virginia. As of the 2023 Form 5500 filing, the plan reports $322M in total end-of-year assets and covers 1,652 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 541670018, and the plan has been effective since 2008-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $235M at the beginning of 2023 to $322M at year-end — a gain of 36.6%. Net assets (after liabilities) closed the year at $319M, with reported net income of $88M 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)$235M
Total Assets (End of Year)$322M
Net Assets (End of Year)$319M
Net Income$88M
Plan TypeOther
Employer EIN541670018
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Technology Solutions, Inc.)

Year Plans Participants Total Assets
2022 2 3,022 $487M
2023 2 3,311 $646M
2024 2 3,936 $809M

Nearby Other Plans in Virginia

Peer Other plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust?
As of the 2023 Form 5500 filing, Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust holds $322M in total assets with 1,652 participants. It is sponsored by Modern Technology Solutions, Inc..
What type of plan is Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust?
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust is a Other plan. It has been effective since 2008-01-01. The plan is filed with the U.S. Department of Labor under EIN 541670018.
Who sponsors the Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust?
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust is sponsored by Modern Technology Solutions, Inc., located in Virginia. The sponsor's EIN is 541670018 and the plan operates in the Professional & Technical Services industry.
How did Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust perform in 2023?
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust grew by 36.6% during 2023, moving from $235M to $322M in total assets. Net income was $88M.
Where can I find official filings for Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust?
Official Form 5500 filings for Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 541670018 or plan name at efast.dol.gov.
How does Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust compare to other plans?
You can compare Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust against other Other plans on the plan type page, or view plans in Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 541670018.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

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