MODERN LIFE INC. has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : MODERN HEALTH RETIREMENT PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $4,472,734 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $500,245 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $453,112 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $6,042,625 |
Value of total assets at end of year | 2022-12-31 | $11,032,387 |
Value of total assets at beginning of year | 2022-12-31 | $7,059,898 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $47,133 |
Total interest from all sources | 2022-12-31 | $2,182 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $208,583 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $208,583 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $200,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $4,430,094 |
Participant contributions at end of year | 2022-12-31 | $58,549 |
Participant contributions at beginning of year | 2022-12-31 | $50,000 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,612,531 |
Total non interest bearing cash at end of year | 2022-12-31 | $166,534 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $83,261 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $3,972,489 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $11,032,387 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,059,898 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $47,133 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $10,681,902 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $6,926,637 |
Interest on participant loans | 2022-12-31 | $2,182 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,780,656 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Employer contributions (assets) at end of year | 2022-12-31 | $125,402 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $453,112 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | CROWE LLP |
Accountancy firm EIN | 2022-12-31 | 350921680 |
2021 : MODERN HEALTH RETIREMENT PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $5,610,128 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $155,722 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $141,394 |
Value of total corrective distributions | 2021-12-31 | $2,690 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $5,038,230 |
Value of total assets at end of year | 2021-12-31 | $7,059,898 |
Value of total assets at beginning of year | 2021-12-31 | $1,605,492 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $11,638 |
Total interest from all sources | 2021-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $119,937 |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $119,937 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $160,550 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $2,309,663 |
Participant contributions at end of year | 2021-12-31 | $50,000 |
Participant contributions at beginning of year | 2021-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $2,728,567 |
Total non interest bearing cash at end of year | 2021-12-31 | $83,261 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $145,452 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $5,454,406 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $7,059,898 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,605,492 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $11,638 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $6,926,637 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $1,460,040 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $451,961 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $141,394 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | CROWE LLP |
Accountancy firm EIN | 2021-12-31 | 350921680 |