401(k) · DOL Form 5500 · 2023

Modern Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
680
Participants Below avg headcount
84th
Percentile by assets National rank
$66,443
Avg per participant Below avg balance/head
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Official DOL plan name: Modern Industries, Inc. 401(k) Retirement Savings Plan · Sponsored by Modern Industries, Inc. · Arizona · Manufacturing

$45M in assets, 680 participants

Modern Industries, Inc.'s Modern Industries, Inc. 401(k) Retirement Savings Plan reported $45M in total assets and 680 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #14,544 in Manufacturing (18,722 peers)

Where Modern Industries, Inc. 401(k) Retirement Savings Plan sits by assets

Modern Industries, Inc. 401(k) Retirement Savings Plan sits in the top quartile of all filed plans by assets, $45M for 680 participants (~$66,443/participant), up 17.1% in 2023.

#14,544
in Manufacturing (18,722 peers)
+17.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Modern Industries, Inc. 401(k) Retirement Savings Plan's outsized position by total assets

Modern Industries, Inc. 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$45,181,170 Top 16% higher than 84% of 127,068 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 2023

Modern Industries, Inc. 401(k) Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modern Industries, Inc. 401(k) Retirement Savings Plan sits mid-pack in the medium band (680 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Modern Industries, Inc. 401(k) Retirement Savings Plan reported net income rose from -$4M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Modern Industries, Inc. 401(k) Retirement Savings Plan end-of-year assets rose from $39M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Modern Industries, Inc. 401(k) Retirement Savings Plan reported participants rose from 586 in the plan year 2022 filing to 680 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 860220615 · Modern Industries, Inc. PY 2023 · 401(k)

Modern Industries, Inc. 401(k) Retirement Savings Plan · $45M · 680 · 84th

  • EOY $45M
  • EOY 680
  • EOY 84th
  • EOY 401(k)
  • EOY near C. D. Smith Construction, Inc. Profit Sharing Plan
  • EOY ind #14544

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 Arizona →

Modern Industries, Inc. 401(k) Retirement Savings Plan in the asset neighbourhood

Fencing Supply Group 401(k) PlanFencing Supply Group 401(k) …$45MModern Industries, Inc. 401(k) Retirement Savings PlanModern Industries, Inc. 401(…$45MC. D. Smith Construction, Inc. Profit Sharing PlanC. D. Smith Construction, In…$45MEngage2excel Inc. 401(k) Profit Sharing PlanEngage2excel Inc. 401(k) Pro…$45MAthens Orthopedic Clinic, P.a. 401(k) Profit Sharing PlanAthens Orthopedic Clinic, P.…$45M
End-of-year total assets ($M) among Modern Industries, Inc. 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$45M
Net Income$7M
Employer EIN860220615
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Industries, Inc.)

Sponsor-wide plan assets over time

All Modern Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51M 32.43558358994823% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $38.6M $51.1M ▲ +32.5%
Year Plans Participants Total Assets
2022 1 586 $39M
2023 1 680 $45M
2024 1 691 $51M

Nearby 401(k) Plans in Arizona

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

Modern Industries, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246 Total assets ($B) Participants Modern Industries, Inc. 401(k) Retirement Savings Plan, Total assets ($B): 0.04518117 · Participants: 680Modern Industries, Inc. 401(k) Retirement Savings PlanBechtel Trust & Thrift Plan, Total assets ($B): 5.691074806 · Participants: 7448Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.270882725 · Participants: 52452Banner Health Employees 401(k) PlanRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.379834679 · Participants: 28131Republic Services, Inc. 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.323111586 · Participants: 13105Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramStantec 401(k) Plan, Total assets ($B): 2.021683156 · Participants: 10719Stantec 401(k) Plan
Modern Industries, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
Compare Modern Industries, Inc. 401(k) Retirement Savings Plan side-by-side with 3 peers →

Modern Industries, Inc. 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Arizona, the nearest 401(k) by assets is C. D. Smith Construction, Inc. Profit Sharing Plan in WI ($45M); by covered participants it is Scott-Mcrae Automotive Group, Lllp 401(k) Profit Sharing Plan in FL (680 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (680 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Modern Industries, Inc. 401(k) Retirement Savings Plan assets move in 2023? ▼
Modern Industries, Inc. 401(k) Retirement Savings Plan grew sharply - up 17.1% during 2023, from $39M to $45M. Reported net income was $7M.
How have Modern Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modern Industries, Inc.'s sponsor-wide assets grew 32.4%, from $39M to $51M.
Where does Modern Industries, Inc. 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Modern Industries, Inc. 401(k) Retirement Savings Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Modern Industries, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is C. D. Smith Construction, Inc. Profit Sharing Plan in WI ($45M, 139 participants).
Which 401(k) plans cover a similar participant headcount to Modern Industries, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Scott-Mcrae Automotive Group, Lllp 401(k) Profit Sharing Plan in FL (680 participants, $42M in assets).

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 860220615.

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.