How big is Modern Electric Inc.'s plan?

Modern Electric Inc.'s plan reported $67K in assets and 8 participants for 2024.

Original filing (PDF)20250530123233NAL0008664129001

Modern Electric Inc.

Name: Modern Electric Inc. — Form 5500 (2024)
Creator: Modern Electric Inc.
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

401(k) retirement plan · Modern Electric Inc. held $67K in plan assets for 8 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$67K

Net assets (EOY)

$67K

People on this filing

Diane Barry signed Modern Electric Inc.'s 2024 Form 5500 as plan administrator.

Diane Barry — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Modern Electric Inc.'s EIN is 46-1840877.

EIN 46-1840877

Plan number 001

Plan year 2024

ACK ID 20250530123233NAL0008664129001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Modern Electric Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Modern Electric Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for MODERN ELECTRIC INC.

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (24th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

MODERN ELECTRIC INC

EIN

all filings

Address

190 R MAIN ST UNIT 8 · WILMINGTON, MA · 01887

Phone

(978) 604-8244

Industry

Electrical Contractors· Construction

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-05-30

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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