Plan Snapshot
- Plan Sponsor: Clarks Americas, INC.
- Sponsor EIN: 232051236
- Sponsor Address: 140 KENDRICK ST, NEEDHAM, MA, 02494
- Plan Type: DB
- Total Participants: 76
- Total Assets: $94.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 76 | $94.6M | $0 | $0 |
| 2023 | 107 | $100.1M | $0 | $0 |
| 2022 | 123 | $110.3M | $0 | $0 |
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 |
|---|---|---|---|---|
| TOWERS WATSON INVESTMENT SERVICES | Other Service Provider | $497,607 | — | $497,607 |
| BANK OF NEY MELLON | Other Service Provider | $102,054 | — | $102,054 |
| KAHN, LITWIN, RENZA & CO | Other Service Provider | $20,131 | — | $20,131 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $16,177 | — | $16,177 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $635,969
- Estimated Expense Ratio: 0.673% of plan assets
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 | $1,098,034 | $13,100 | — | $26,446 | — |
| 2023 | $1,361,590 | $394,354 | $12,163 | $23,857 | — |
| 2022 | $985,880 | $257,280 | — | — | $149,200 |