401(k) · DOL Form 5500 · 2024

Modernistic, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
105
Participants Small participant base
63rd
Percentile by assets National rank
$136,535
Avg per participant Near 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

$14M in assets, 105 participants

Modernistic, Inc.'s Modernistic, Inc. Profit Sharing and 401(k) Plan reported $14M in total assets and 105 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #9,107 in Manufacturing (17,777 peers)

Coverage in Minnesota

Modernistic, Inc. Profit Sharing and 401(k) Plan covers 105 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $14M.

#9,107
in Manufacturing (17,777 peers)
+6.6%
assets growth YoY

Modernistic, Inc. Profit Sharing and 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

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

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

$14,336,135 Top 37% higher than 63% 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

Modernistic, Inc. Profit Sharing and 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. Modernistic, Inc. Profit Sharing and 401(k) Plan sits mid-pack in the medium band (105 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Modernistic, Inc. Profit Sharing and 401(k) Plan reported net income rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Modernistic, Inc. Profit Sharing and 401(k) Plan end-of-year assets rose from $13M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • Modernistic, Inc. Profit Sharing and 401(k) Plan reported participants fell from 111 in the plan year 2023 filing to 105 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410879039 · Modernistic, Inc. PY 2024 · 401(k)

Modernistic, Inc. Profit Sharing and 401(k) Plan · $14M · 105 · 63rd

  • EBSA $14M
  • EBSA 105
  • EBSA 63rd
  • EBSA 401(k)
  • EBSA near Society of Certified Insurance Counselors 401(k) Plan
  • EBSA ind #9107

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…$14MSociety of Certified Insurance Counselors 401(k) PlanSociety of Certified Insuran…$14MBlack Pearl Educational Services, LLC 401(k) PlanBlack Pearl Educational Serv…$14MWest Point Dairy Products, LLC RetirementWest Point Dairy Products, L…$14MFederal Screw Works 401(k) Savings PlanFederal Screw Works 401(k) S…$14M
End-of-year total assets ($M) among Modernistic, Inc. Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$1M
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 -20020406080 Total assets ($B) Participants Modernistic, Inc. Profit Sharing and 401(k) Plan, Total assets ($B): 0.014336135 · Participants: 105Modernistic, Inc. Profit Sharing and 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Society of Certified Insurance Counselors 401(k) Plan in TX ($14M); by covered participants it is Medwest Associates, Inc. Profit Sharing Plan in IL (105 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (105 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 Modernistic, Inc. Profit Sharing and 401(k) Plan assets move in 2024? ▼
Modernistic, Inc. Profit Sharing and 401(k) Plan grew at a solid clip - up 6.6% during 2024, from $13M to $14M. Reported net income was $1M.
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 Society of Certified Insurance Counselors 401(k) Plan in TX ($14M, 88 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 Medwest Associates, Inc. Profit Sharing Plan in IL (105 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.