401(k) · DOL Form 5500 · 2024

Modern Life Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
269
Participants Below avg headcount
66th
Percentile by assets National rank
$61,528
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Modern Health 401(k) Plan · Sponsored by Modern Life Inc. · California · Healthcare & Social Assistance

$17M in assets, 269 participants

Modern Life Inc.'s Modern Health 401(k) Plan reported $17M in total assets and 269 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #12,089 in Healthcare & Social Assistance (16,916 peers)

Coverage in California

Modern Health 401(k) Plan covers 269 participants in California, about 43% of the average California filer (state average ~630 per filing). Assets: $17M.

#12,089
in Healthcare & Social Assistance (16,916 peers)
+8.1%
assets growth YoY

Modern Health 401(k) Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Modern Health 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$16,551,165 Top 34% higher than 66% of 123,620 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 2024

Modern Health 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modern Health 401(k) Plan sits mid-pack in the medium band (269 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Modern Health 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Modern Health 401(k) Plan reported participants fell from 389 in the plan year 2023 filing to 269 in the plan year 2024 filing.
  • Modern Health 401(k) Plan end-of-year assets rose from $15M in the plan year 2023 filing to $17M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 364883813 · Modern Life Inc. PY 2024 · 401(k)

Modern Health 401(k) Plan · $17M · 269 · 66th

  • BOOK $17M
  • VS-ST 269
  • BOY 66th
  • SCH 401(k)
  • EBSA near Salomone Bros., Employees Profit Sharing & 401(k) Plan
  • PART ind #12089

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 Healthcare & Social Assistance retirement plans → · Plans in California →

Modern Health 401(k) Plan in the asset neighbourhood

Modern Health 401(k) Plan$17MSalomone Bros., Employees Profit Sharing & 401(k) PlanSalomone Bros., Employees Pr…$17MMagnolia Bank Retirement Savings PlanMagnolia Bank Retirement Sav…$17MFox Electric I, Ltd. 401(k) PlanFox Electric I, Ltd. 401(k) …$17MRed-Rochester, LLC Retirement PlanRed-Rochester, LLC Retiremen…$17M
End-of-year total assets ($M) among Modern Health 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$1M
Employer EIN364883813
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Life Inc.)

Sponsor-wide plan assets over time

All Modern Life Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 50.023426480597536% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $11M $16.6M ▲ +50.0%
Year Plans Participants Total Assets
2022 1 316 $11M
2023 1 389 $15M
2024 1 269 $17M

Nearby 401(k) Plans in California

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

Modern Health 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Modern Health 401(k) Plan, Total assets ($B): 0.016551165 · Participants: 269Modern Health 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Modern Health 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants

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

Outside California, the nearest 401(k) by assets is Salomone Bros., Employees Profit Sharing & 401(k) Plan in NJ ($17M); by covered participants it is Mcmichael Mills, Inc. 401(k) Savings Plan in NC (269 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($17M here).

Similar participant headcount

Nearest other-state filings by covered participants (269 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Modern Health 401(k) Plan assets move in 2024?
Modern Health 401(k) Plan grew at a solid clip - up 8.1% during 2024, from $15M to $17M. Reported net income was $1M.
How have Modern Life Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Modern Life Inc.'s sponsor-wide assets grew 50.0%, from $11M to $17M.
Which 401(k) plans are similar in size to Modern Health 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Salomone Bros., Employees Profit Sharing & 401(k) Plan in NJ ($17M, 129 participants).
Which 401(k) plans cover a similar participant headcount to Modern Health 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Mcmichael Mills, Inc. 401(k) Savings Plan in NC (269 participants, $8M in assets).