Retirement plan

CLARK SERVICE GROUP 401(K) PLAN

Name: CLARK SERVICE GROUP, INC. - CLARK SERVICE GROUP 401(K) PLAN (2024) Form 5500
Creator: CLARK SERVICE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARK SERVICE GROUP 401(K) PLAN, CLARK SERVICE GROUP, INC.

CLARK SERVICE GROUP, INC.EIN 81-4314550Plan #001PY 2024

3019 HEMPLAND ROAD - LANCASTER, PA 17601717-392-5590clarkservicegroup.comLinkedIn51-200 employeesfood & beverages

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$13.6M

+13.4% from 2023

Total participants

188

+2.2% from 2023

Average account balance

$74,183

+14.0% from 2023

Annual return

15.06%

-5.01 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$13.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$74K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

183

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$327

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$58,129
COMMONWEALTH FINANCIAL NETWORK5+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$26,464
THE RETIREMENT ADVANTAGE INC4 years Service code 13 · EIN 39-1816008	Contract Administrator	$7,852

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$433 / participant

Contract admin$60K100.0%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLP
Auditor EIN: 232180173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,183

$60,504+22.6%

$81,882-9.4%

$74,478-0.4%

Participation rate

96.4%

62.9%+33.5pp

72.4%+24.0pp

67.2%+29.2pp

Annual return

15.06%

16.91%-1.9pp

779.47%-764.4pp

1370.56%-1355.5pp

Employer contribution / active EE

$2,288

$2,627-12.9%

$2,916-21.5%

$2,626-12.9%

Participant deferral / active EE

$5,973

$3,400+75.7%

$4,323+38.2%

$4,350+37.3%

Admin fee / account holder

$327

$1,492-78.1%

$7,360-95.6%

$1,946-83.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$58,129

COMMONWEALTH FINANCIAL NETWORK5+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$26,464

THE RETIREMENT ADVANTAGE INC4 years

Service code 13 · EIN 39-1816008

Contract Administrator

$7,852

CLARK SERVICE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARK SERVICE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion