Plan Snapshot
- Plan Sponsor: Clark Nexsen, INC.
- Sponsor EIN: 540613222
- Sponsor Address: 4525 MAIN STREET, VIRGINIA BEACH, VA, 23462
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 328 | $84.2M | $1.1M | $3.4M |
| 2023 | 318 | $77.5M | $1.1M | $3.3M |
| 2022 | 309 | $69.6M | $1.0M | $3.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $163,270 | — | $163,270 |
| LOCKBOX SAGEVIEW ADVISOR | Investment Advisor | $43,747 | — | $43,747 |
| CHERRY BEKAERT | Investment Advisor | $17,324 | — | $17,324 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKBOX SAGEVIEW ADVISOR — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $224,341
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $10,003,300 | $43,747 | $108,956 | $18,900 | — |
| 2024 | $224,342 | $61,072 | $163,270 | — | — |
| 2023 | $166,021 | $8,750 | $141,771 | $15,500 | — |
| 2022 | $171,094 | $43,750 | $109,844 | — | $17,500 |