Plan Snapshot
- Plan Sponsor: Clemens Family Corporation
- Sponsor EIN: 752990486
- Sponsor Address: 2700 CLEMENS ROAD, HATFIELD, PA, 194404202
- Plan Type: 401(k)
- Total Participants: 5,058
- Total Assets: $260.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 5,058 | $260.4M | $8.7M | $19.8M |
| 2023 | 4,637 | $208.5M | $7.4M | $17.6M |
| 2022 | 4,078 | $173.5M | $7.2M | $16.4M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $539,479 | — | $539,479 |
| CAPTRUST FINANCIAL PARTNERS, LLC | CONSULTANT | $80,180 | — | $80,180 |
| KREISCHER MILLER | OTHER | $24,394 | — | $24,394 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KREISCHER MILLER — OTHER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $644,053
- Estimated Expense Ratio: 0.247% 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 | $627,767 | $80,180 | $539,479 | — | — |
| 2023 | $615,137 | — | — | — | — |
| 2022 | $627,790 | — | — | — | — |