Stark Properties 401(k) match, vesting and fees
What Stark Properties' 401(k) plan says about matching contributions
The Company makes discretionary matching contributions and may make discretionary profit sharing contributions, which will be allocated in accordance with the plan document provisions. Participants must be employed on the last day of the plan year and have earned 1,000 hours of service to be eligible to receive matching and discretionary profit sharing contributions.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 41 ↗ |
| Loans | Participants who are active employees may borrow against their vested account balances a minimum of $1,000 up to a maximum equal to the lesser of 50% of their vested account balance or $50,000. The loans, in the form of promissory notes, are secured by the balance in the participant's account, and bear interest at reasonable rates, which are commensurate with local prevailing rates as determined by the Plan Administrator. | Audit report, p. 42 ↗ |
| Recordkeeper | John Hancock Life Insurance Co | Schedule C ↗ |
| Independent auditor | Bennett Thrasher LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 502 defined-contribution plans in retail trade with 500 to 999 participants.
| Stark Properties: employer contribution per participant | $2,127 | |
| Peer median | $928 |
| Stark Properties: average balance | $29,384 | |
| Peer median | $40,685 |
| Stark Properties: admin expenses ÷ assets | 0.77% | |
| Peer median | 0.37% |
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 $17.8M at the end of plan year 2021 to $25M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,607 | $25M | $1.8M | $2,127 | 0.77% | Quoted in the audit report, p. 41 ↗ | Form 5500 ↗ |
| 2023 | 724 | $20.8M | $1.7M | $2,764 | 0.66% | Not published | Form 5500 ↗ |
| 2022 | 613 | $17M | $1.6M | $3,100 | 0.56% | Not published | Form 5500 ↗ |
| 2021 | 527 | $17.8M | $1.2M | $2,877 | 0.87% | Not published | Form 5500 ↗ |
Common questions
Does Stark Properties match 401(k) contributions?
The audit report attached to the Stark Properties Inc Deferred Salary Psp's plan year 2024 Form 5500, page 41 says: “The Company makes discretionary matching contributions and may make discretionary profit sharing contributions, which will be allocated in accordance with the plan document provisions. Participants must be employed on the last day of the plan year and have earned 1,000 hours of service to be eligible to receive matching and discretionary profit sharing contributions.” Plan terms may have changed; check your current Summary Plan Description.
When is the Stark Properties 401(k) match vested?
The vesting schedule for the Stark Properties Inc Deferred Salary Psp is not in the data published so far. Your Summary Plan Description states it.
Who manages the Stark Properties 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Co. The plan administrator is Stark Properties Inc.
I left Stark Properties. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Stark Properties Inc, (770) 775-2386) or the recordkeeper, John Hancock Life Insurance Co. The Stark Properties old 401(k) page lists the contacts from every plan filing. Find an old Stark Properties 401(k)
Data from the public Form 5500 annual reports Stark Properties filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Stark Properties. Not financial advice. Report a correction · Methodology