Clemens Family 401(k) match, vesting and fees
What Clemens Family's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 283 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Clemens Family: employer contribution per participant | $1,472 | |
| Peer median | $2,895 |
| Clemens Family: average balance | $44,255 | |
| Peer median | $115,263 |
| Clemens Family: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $208M at the end of plan year 2023 to $260M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,138 | $260M | $8.7M | $1,472 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 5,726 | $208M | $7.4M | $1,373 | 0.32% | Not published | Form 5500 ↗ |
Common questions
Does Clemens Family match 401(k) contributions?
The match terms for the The Clemens Family Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $8.7M in employer contributions, about $1,472 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Clemens Family 401(k) match vested?
The vesting schedule for the The Clemens Family Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Clemens Family 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Clemens Family Corporation.
I left Clemens Family. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Clemens Family Corporation, (215) 368-2500) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Clemens Family old 401(k) page lists the contacts from every plan filing. Find an old Clemens Family 401(k)
Data from the public Form 5500 annual reports Clemens Family filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Clemens Family. Not financial advice. Report a correction · Methodology