401k Plan data: MODERN MORTGAGE LLC 401(K) PLAN plan

MODERN MORTGAGE LLC 401(K) PLAN 401k Plan overview

Plan Name	MODERN MORTGAGE LLC 401(K) PLAN
Plan identification number	001

MODERN MORTGAGE LLC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MODERN MORTGAGE LLC has sponsored the creation of one or more 401k plans.

Company Name: MODERN MORTGAGE LLC

Employer identification number (EIN): 831690365

NAIC Classification: 525990
NAIC Description: Other Financial Vehicles

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MODERN MORTGAGE LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-10-01

Plan Statistics for MODERN MORTGAGE LLC 401(K) PLAN

401k plan membership statisitcs for MODERN MORTGAGE LLC 401(K) PLAN

Measure Date Value
2022: MODERN MORTGAGE LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 11
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 11
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 4
Total of all active and inactive participants 2022-01-01 15
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 15
Number of participants with account balances 2022-01-01 13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: MODERN MORTGAGE LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 7
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 10
Number of participants with account balances 2021-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: MODERN MORTGAGE LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 7
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 2
Total of all active and inactive participants 2020-01-01 9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 9
Number of participants with account balances 2020-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: MODERN MORTGAGE LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-10-01 0
Total number of active participants reported on line 7a of the Form 5500 2019-10-01 5
Number of retired or separated participants receiving benefits 2019-10-01 0
Number of other retired or separated participants entitled to future benefits 2019-10-01 0
Total of all active and inactive participants 2019-10-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-10-01 0
Total participants 2019-10-01 5
Number of participants with account balances 2019-10-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-10-01 0

Measure	Date	Value
2022: MODERN MORTGAGE LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	11
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	11
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	4
Total of all active and inactive participants	2022-01-01	15
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	15
Number of participants with account balances	2022-01-01	13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: MODERN MORTGAGE LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	7
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	10
Number of participants with account balances	2021-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: MODERN MORTGAGE LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	7
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	2
Total of all active and inactive participants	2020-01-01	9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	9
Number of participants with account balances	2020-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: MODERN MORTGAGE LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-10-01	0
Total number of active participants reported on line 7a of the Form 5500	2019-10-01	5
Number of retired or separated participants receiving benefits	2019-10-01	0
Number of other retired or separated participants entitled to future benefits	2019-10-01	0
Total of all active and inactive participants	2019-10-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-10-01	0
Total participants	2019-10-01	5
Number of participants with account balances	2019-10-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-10-01	0

Financial Data on MODERN MORTGAGE LLC 401(K) PLAN

Measure	Date	Value
2022 : MODERN MORTGAGE LLC 401(K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$66,914
Expenses. Total of all expenses incurred	2022-12-31	$6,915
Benefits paid (including direct rollovers)	2022-12-31	$6,915
Total plan assets at end of year	2022-12-31	$491,711
Total plan assets at beginning of year	2022-12-31	$431,712
Value of fidelity bond covering the plan	2022-12-31	$49,171
Total contributions received or receivable from participants	2022-12-31	$82,553
Other income received	2022-12-31	$-50,923
Net income (gross income less expenses)	2022-12-31	$59,999
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$491,711
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$431,712
Total contributions received or receivable from employer(s)	2022-12-31	$35,284
2021 : MODERN MORTGAGE LLC 401(K) PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$134,310
Expenses. Total of all expenses incurred	2021-12-31	$20,189
Benefits paid (including direct rollovers)	2021-12-31	$15,731
Total plan assets at end of year	2021-12-31	$431,712
Total plan assets at beginning of year	2021-12-31	$317,591
Value of fidelity bond covering the plan	2021-12-31	$43,171
Total contributions received or receivable from participants	2021-12-31	$72,459
Other income received	2021-12-31	$26,626
Net income (gross income less expenses)	2021-12-31	$114,121
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$431,712
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$317,591
Total contributions received or receivable from employer(s)	2021-12-31	$35,225
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$4,458
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$15,687
2020 : MODERN MORTGAGE LLC 401(K) PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$136,199
Expenses. Total of all expenses incurred	2020-12-31	$2,501
Benefits paid (including direct rollovers)	2020-12-31	$2,501
Total plan assets at end of year	2020-12-31	$317,591
Total plan assets at beginning of year	2020-12-31	$183,893
Value of fidelity bond covering the plan	2020-12-31	$31,759
Total contributions received or receivable from participants	2020-12-31	$75,666
Contributions received from other sources (not participants or employers)	2020-12-31	$74,416
Other income received	2020-12-31	$-49,515
Net income (gross income less expenses)	2020-12-31	$133,698
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$317,591
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$183,893
Total contributions received or receivable from employer(s)	2020-12-31	$35,632
2019 : MODERN MORTGAGE LLC 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$183,893
Total plan assets at end of year	2019-12-31	$183,893
Total plan assets at beginning of year	2019-12-31	$0
Total contributions received or receivable from participants	2019-12-31	$24,745
Contributions received from other sources (not participants or employers)	2019-12-31	$146,264
Other income received	2019-12-31	$1,265
Net income (gross income less expenses)	2019-12-31	$183,893
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$183,893
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Total contributions received or receivable from employer(s)	2019-12-31	$11,619

Form 5500 Responses for MODERN MORTGAGE LLC 401(K) PLAN

2022: MODERN MORTGAGE LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MODERN MORTGAGE LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MODERN MORTGAGE LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MODERN MORTGAGE LLC 401(K) PLAN 2019 form 5500 responses
2019-10-01	Type of plan entity	Single employer plan
2019-10-01	First time form 5500 has been submitted	Yes
2019-10-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-10-01	Plan funding arrangement – Insurance	Yes
2019-10-01	Plan funding arrangement – Trust	Yes
2019-10-01	Plan benefit arrangement – Insurance	Yes
2019-10-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

142027

Policy instance

Insurance contract or identification number	142027
Number of Individuals Covered	13
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $953
Total amount of fees paid to insurance company	USD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $728
Insurance broker organization code?	7

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

142027

Policy instance

Insurance contract or identification number	142027
Number of Individuals Covered	10
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $1,827
Total amount of fees paid to insurance company	USD $183
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,827
Insurance broker organization code?	7
Amount paid for insurance broker fees	183

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

142027

Policy instance

Insurance contract or identification number	142027
Number of Individuals Covered	8
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $1,175
Total amount of fees paid to insurance company	USD $1,353
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	1353
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $1,175

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

142027

Policy instance

Insurance contract or identification number	142027
Number of Individuals Covered	7
Insurance policy start date	2019-10-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $21
Total amount of fees paid to insurance company	USD $236
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	236
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $21

Potentially related plans

MODERN MORTGAGE FINANCIAL LLC [EIN = 853494721]

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Company Name:	MODERN MORTGAGE LLC
Employer identification number (EIN):	831690365
NAIC Classification:	525990
NAIC Description:	Other Financial Vehicles