Plan Ledger DOL Form 5500 · updated monthly

Clemens Family Corporation401(k)

THE CLEMENS FAMILY SHARING PLAN · HATFIELD, PA · plan year 2024

Reported admin expense ratio · 2024
0.27%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Clemens Family Corporation reported $627,767 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,712 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.34% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 230th-largest of 3,651 plans among Pennsylvania employers on file, and the 960th of 13,661 in manufacturing. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 4,078 to 5,058 since 2022.

Plan summary
Net assets, end of year$260,353,050
Participants with balances5,883
Active participants5,058
Employer contributions$8,659,947
Employee contributions$19,770,833
Employer contribution per active participant$1,712
Average account balance$44,255
Benefits paid to participants$24,457,230
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$260.4M · 5,883 accts · $8.7M emplr
2023$208.5M · 5,415 accts · $7.4M emplr
2022$173.5M · 4,813 accts · $7.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$539,479
Investment management$80,180
Total administrative$627,767
The Clemens Family Corporation 401(k) match · 2024
Employer contribution per active participant$1,712
Median for plans this size$3,635
2024$1,712 per active participant
2023$1,604 per active participant
2022$1,757 per active participant

Clemens Family Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$539,479
CAPTRUST FINANCIAL PARTNERS, LLC$80,180
KREISCHER MILLER · Accounting / audit$24,394

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$627,767 · 0.27%
2023$615,137 · 0.32%
2022$627,790 · 0.34%
Similar plansManufacturing · Pennsylvania
Enviri Corporation PA$281.1M · 0.08%
Utz Quality Foods, LLC PA$274.5M · 0.20%
Quaker Chemical Corporation PA$274.2M · 0.08%
Globus Medical Inc. PA$233.4M · 0.16%
Newage Industries, Inc. PA$231.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752990486 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.