401(k) · DOL Form 5500 · 2023

Modern Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
151
Participants Small participant base
56th
Percentile by assets National rank
$59,490
Avg per participant Low balance/head
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Official DOL plan name: Modern Industries 401(k) Incentive Savings Plan · Sponsored by Modern Industries, Inc. · Pennsylvania · Manufacturing

$9M in assets, 151 participants

Modern Industries, Inc.'s Modern Industries 401(k) Incentive Savings Plan reported $9M in total assets and 151 participants in its 2023 DOL Form 5500 filing, ranking in the 56th 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.

  • #7,851 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Modern Industries 401(k) Incentive Savings Plan covers 151 participants in Pennsylvania, about 18% of the average Pennsylvania filer (state average ~822 per filing). Assets: $9M.

#7,851
in Manufacturing (18,722 peers)
+18.2%
assets growth YoY

Modern Industries 401(k) Incentive Savings Plan's mid-pack asset rank among Manufacturing and all filers

Modern Industries 401(k) Incentive Savings Plan vs every filed plan by assets

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

$8,982,963 Top 44% higher than 56% 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 401(k) Incentive 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 401(k) Incentive Savings Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Modern Industries 401(k) Incentive Savings Plan reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Modern Industries 401(k) Incentive Savings Plan end-of-year assets rose from $8M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Modern Industries 401(k) Incentive Savings Plan reported participants rose from 137 in the plan year 2022 filing to 151 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 251235458 · Modern Industries, Inc. PY 2023 · 401(k)

Modern Industries 401(k) Incentive Savings Plan · $9M · 151 · 56th

  • BOOK $9M
  • BOOK 151
  • BOOK 56th
  • BOOK 401(k)
  • BOOK near United Concrete Products, Inc. 401(k) Profit Sharing Plan and Trust
  • BOOK ind #7851

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 Pennsylvania →

Modern Industries 401(k) Incentive Savings Plan in the asset neighbourhood

Modern Industries 401(k) Incentive Savings PlanModern Industries 401(k) Inc…$9MUnited Concrete Products, Inc. 401(k) Profit Sharing Plan and TrustUnited Concrete Products, In…$9MAlsco-Geyer Irrigation, Inc. Profit Sharing 401(k) PlanAlsco-Geyer Irrigation, Inc.…$9MFennemore Craig 401(k)Plan for Associates and of CounselFennemore Craig 401(k)Plan f…$9MHenry a. Petter Supply Company 401(k) Savings PlanHenry a. Petter Supply Compa…$9M
End-of-year total assets ($M) among Modern Industries 401(k) Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$1M
Employer EIN251235458
Plan Effective Date1966-08-31
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
$9M 19.807933418251338% vs 2022
2024 filing year
$7M$7.5M$8M$8.5M$9M$9.5M 202220232024 $7.6M $9.11M ▲ +19.9%
Year Plans Participants Total Assets
2022 1 137 $8M
2023 1 151 $9M
2024 1 169 $9M

Nearby 401(k) Plans in Pennsylvania

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

Modern Industries 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -505101520 Total assets ($B) Participants Modern Industries 401(k) Incentive Savings Plan, Total assets ($B): 0.008982963 · Participants: 151Modern Industries 401(k) Incentive Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings Plan
Modern Industries 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Modern Industries 401(k) Incentive Savings Plan side-by-side with 3 peers →

Modern Industries 401(k) Incentive Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is United Concrete Products, Inc. 401(k) Profit Sharing Plan and Trust in CT ($9M); by covered participants it is Air Conditioning Innovative Solutions 401(k) Plan in TX (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 401(k) Incentive Savings Plan assets move in 2023? ▼
Modern Industries 401(k) Incentive Savings Plan grew sharply - up 18.2% during 2023, from $8M to $9M. Reported net income was $1M.
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 19.8%, from $8M to $9M.
Which 401(k) plans are similar in size to Modern Industries 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is United Concrete Products, Inc. 401(k) Profit Sharing Plan and Trust in CT ($9M, 226 participants).
Which 401(k) plans cover a similar participant headcount to Modern Industries 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Air Conditioning Innovative Solutions 401(k) Plan in TX (151 participants, $8M 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 251235458.

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.