Modern Technology Solutions Inc 401(k) Review & Grade
Modern Technology Solutions, Inc. 401(k) Plan
Alexandria, VAProfessional, Scientific & Technical Services2,054 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,263Employer $ per active participant
$14,301Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$402.2MNet plan assets, end of year
$162,102Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost16.1 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 65th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,375 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Modern Technology Solutions put in about $7,263 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $14,917,225 |
| Participant (employee) contributions | $29,373,976 |
| Other contributions (incl. rollovers in) | $15,313,136 |
| Administrative expenses paid from the plan | $518,079 |
| Contract administrator fees | $518,079 |
| Benefits paid out | $27,642,142 |
| Net assets, start / end of year | $324.3M / $402.2M |
| Active participants, start / end of year | 1,974 / 2,134 |
| Participants with account balances | 2,481 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $517,636 reported compensation |
| LPL Financial LLC | $151,385 reported compensation |
| Osaic Fa, Inc. | $42,234 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731150601NAL0003180883001, received 2025-07-31, EIN 54-1670018, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.