Clemens Family Corporation 401(k) Review & Grade
The Clemens Family Sharing Plan
Hatfield, PAManufacturing4,848 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,786Employer $ per active participant
$4,079Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$260.4MNet plan assets, end of year
$44,255Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 26th |
| Employee saving | 25th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,616 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Clemens Family put in about $1,786 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.27% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,659,947 |
| Participant (employee) contributions | $19,770,833 |
| Other contributions (incl. rollovers in) | $1,861,691 |
| Administrative expenses paid from the plan | $627,767 |
| Contract administrator fees | $539,479 |
| Investment advisory & management fees | $80,180 |
| Benefits paid out | $24,457,230 |
| Net assets, start / end of year | $208.5M / $260.4M |
| Active participants, start / end of year | 4,637 / 5,058 |
| Participants with account balances | 5,883 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $539,479 reported compensation |
| Captrust Financial Partners, LLC | $80,180 reported compensation |
| Kreischer Miller | $24,394 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002145459NAL0000637137001, received 2025-10-02, EIN 75-2990486, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.