2023 Form 5500 filing — Clark Nexsen, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008120009NAL0017504545001) for Clark Nexsen, Inc. 401(K) Plan, reported by Clark Nexsen, Inc. under EIN 54-0613222 and plan number 001. It reports 513 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008120009NAL0017504545001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Clark Nexsen, Inc.
- EIN
- 54-0613222
- Plan number
- 001
- Location
- Virginia Beach, VA
- Participants
- 513
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $77,463,048
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $77,463,048
- Employer contributions
- $1,136,272
- Participant contributions
- $3,325,901
- Total income / additions
- $16,465,798
- Benefits paid
- $8,426,988
- Administrative expenses
- $166,021
- Total expenses
- $8,592,994
- Net increase / (decrease)
- $7,872,804
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $141,771 | $0 |
| Sageview Advisory Group | INVESTMENT ADVISORY | $35,000 | not reported in the loaded dataset |
| Cherry Bekaert Llp | ACCOUNTANT | $15,500 | not reported in the loaded dataset |
| Cherry Bekaert | ACCOUNTANT | $15,500 | not reported in the loaded dataset |
| Sageview Advisory Gruop | INVESTMENT ADVISORY | $8,750 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |