Employers › ModernaTX
Recordkeeping fees per participant · Modernatx, Inc. 401(k) Plan · plan year 2024
$8.07
Higher than 7% of the 1,697 plans $250M to 1B that report it.
= $48,294 / 5,981
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250609060915NAL0040888418001, received 2025-06-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250609060915NAL0040888418001, received 2025-06-09
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-09.
Administrative expenses excluding investment management, per participant
$8.23
Higher than 5% of the 2,324 plans $250M to 1B that report it.
= $49,194 / 5,981
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250609060915NAL0040888418001, received 2025-06-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250609060915NAL0040888418001, received 2025-06-09
Administrative expenses per participant
$26.38
Higher than 9% of the 2,405 plans $250M to 1B that report it.
= $157,766 / 5,981
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250609060915NAL0040888418001, received 2025-06-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250609060915NAL0040888418001, received 2025-06-09
Administrative expenses as a share of assets
0.031%
Higher than 19% of the 2,407 plans $250M to 1B that report it.
= $157,766 / $501,688,766
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250609060915NAL0040888418001, received 2025-06-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250609060915NAL0040888418001, received 2025-06-09
Employer contributions per participant
$6,558
Higher than 84% of the 2,457 plans $250M to 1B that report it.
= $39,221,846 / 5,981
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250609060915NAL0040888418001, received 2025-06-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250609060915NAL0040888418001, received 2025-06-09
Employer share of total contributions
28.3%
Higher than 41% of the 2,459 plans $250M to 1B that report it.
= $39,221,846 / $138,759,348
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250609060915NAL0040888418001, received 2025-06-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250609060915NAL0040888418001, received 2025-06-09
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250609060915NAL0040888418001, received 2025-06-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MODERNATX, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Plan name | MODERNATX, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Sponsor EIN / plan number | 27-0226313 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Sponsor location | CAMBRIDGE, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Industry (business code) | 621510, Health care and social assistance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Filing received | 2025-06-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Participants, beginning of year | 5,547 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Active participants | 4,822 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Participants, end of year | 6,053 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Participants with an account balance | 5,981 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total assets, beginning of year | $338,038,083 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total assets, end of year | $501,688,766 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Net assets, end of year | $501,688,766 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total income | $199,054,572 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Net income | $163,650,683 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Employer contributions | $39,221,846 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Participant contributions | $74,281,443 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Other contributions (incl. rollovers) | $25,256,059 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total contributions | $138,759,348 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Benefit payments | $34,965,767 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total expenses (incl. benefit payments) | $35,403,889 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Total administrative expenses | $157,766 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Contract administrator fees | $900 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Recordkeeping fees | $48,294 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Investment advisory and management fees | $108,572 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Administrative expenses excluding investment management | $49,194 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Held in common/collective trusts | $3,480,700 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Held in mutual funds | $489,193,090 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250609060915NAL0040888418001, received 2025-06-09 |
| Independent auditor | CARON & BLETZER, PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250609060915NAL0040888418001, received 2025-06-09 |
Position = column in the DOL layout for form year 2024. Filing 20250609060915NAL0040888418001, received 2025-06-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $108,572 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $-35,155 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250609060915NAL0040888418001, received 2025-06-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $338,038,083 | $501,688,766 | 48.4% |
| Participants with a balance | 5,392 | 5,981 | 10.9% |
| Administrative expenses | $83,244 | $157,766 | 89.5% |
| Recordkeeping fees per participant | not reported | $8.07 | |
| Employer contributions | $32,517,896 | $39,221,846 | 20.6% |
Prior filing 20241011122412NAL0036893744001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: MODERNATX, INC.; SEC registrant: ModernaTX, Inc. (CIK 1962626, matched by EIN).