# Clark Nexsen, INC. 401(k) Plan
Source: https://planprovider.pro/companies/clark-nexsen-inc-401k-plan

> Clark Nexsen, INC.'s 401(k) plan: 328 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Clark Nexsen, INC.

- **Sponsor EIN:** 540613222

- **Sponsor Address:** 4525 MAIN STREET, VIRGINIA BEACH, VA, 23462

- **Plan Type:** 401(k)

- **Total Participants:** 328

- **Total Assets:** $84.2M

## 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.|

| 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|

| CHERRY BEKAERT|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|

| 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|

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