Clark Insurance Employee Stock Ownership 401(K) Plan — Form 5500 plan (Clark Insurance)
Plain-English plan 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, Clark Insurance Employee Stock Ownership 401(K) Plan is a benefit plan reported by Clark Insurance under EIN 01-0046400 and plan number 003. The latest loaded filing year is 2023. The filing reports 136 participants and $23,605,767 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Clark Insurance
- EIN
- 01-0046400
- Plan number
- 003
- Plan type
- 2
- Location
- Portland, ME
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $23,605,767
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20240703092941NAL0006935857001 |
| 2023 | 149 | H, C | 20240703103748NAL0006269105001 |
| 2023 | 155 | H, C | 20240802074856NAL0024701569001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $45,330,008
- Total liabilities (EOY)
- $10,235,183
- Net assets (EOY)
- $35,094,825
- Net assets (BOY)
- $32,001,618
Income & contributions
- Employer contributions
- $1,008,559
- Participant contributions
- $836,306
- Total contributions
- $1,963,703
- Total income / additions
- $5,790,410
Expenses & distributions
- Benefits paid
- $2,380,456
- Administrative expenses
- $11,607
- Total expenses
- $2,697,203
- Net increase / (decrease)
- $3,093,207
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Spinnaker Trust | TRUSTEE | $26,046 | $0 | 2023 |
| Great-West Life & Annuity Insurace | RECORDKEEPER | $11,507 | $0 | 2023 |