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THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 401k Plan overview

Plan NameTHE CLARK GROUP, INC. 401 (K) SAVINGS PLAN
Plan identification number 001

THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE CLARK GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE CLARK GROUP, INC.
Employer identification number (EIN):222426223
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Additional information about THE CLARK GROUP, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0948721

More information about THE CLARK GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01GLENN OPPITO
0012011-01-01GLENN OPPITO
0012010-01-01KEVAN D. BLOOMGREN
0012009-01-01STEPHEN SPRITZER STEPHEN SPRITZER2010-10-12

Plan Statistics for THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN

401k plan membership statisitcs for THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN

Measure Date Value
2012: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01145
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01167
Total number of active participants reported on line 7a of the Form 55002011-01-01117
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0128
Total of all active and inactive participants2011-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01145
Number of participants with account balances2011-01-01145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01200
Total number of active participants reported on line 7a of the Form 55002010-01-01135
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0132
Total of all active and inactive participants2010-01-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01167
Number of participants with account balances2010-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01278
Total number of active participants reported on line 7a of the Form 55002009-01-01149
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0150
Total of all active and inactive participants2009-01-01199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01200
Number of participants with account balances2009-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN

Measure Date Value
2012 : THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-10-24$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-10-24$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-10-24$0
Total income from all sources (including contributions)2012-10-24$538,823
Total loss/gain on sale of assets2012-10-24$0
Total of all expenses incurred2012-10-24$6,074,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-10-24$6,071,489
Expenses. Certain deemed distributions of participant loans2012-10-24$148
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-10-24$54,161
Value of total assets at end of year2012-10-24$0
Value of total assets at beginning of year2012-10-24$5,535,951
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-10-24$3,137
Total interest from all sources2012-10-24$15,546
Total dividends received (eg from common stock, registered investment company shares)2012-10-24$8,034
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-10-24Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-10-24$0
Total dividends received from registered investment company shares (eg mutual funds)2012-10-24$8,034
Was this plan covered by a fidelity bond2012-10-24Yes
Value of fidelity bond cover2012-10-24$500,000
If this is an individual account plan, was there a blackout period2012-10-24No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-10-24$0
Were there any nonexempt tranactions with any party-in-interest2012-10-24No
Contributions received from participants2012-10-24$54,161
Participant contributions at end of year2012-10-24$0
Participant contributions at beginning of year2012-10-24$193,967
Other income not declared elsewhere2012-10-24$-4,448
Administrative expenses (other) incurred2012-10-24$3,137
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-24No
Value of net income/loss2012-10-24$-5,535,951
Value of net assets at end of year (total assets less liabilities)2012-10-24$0
Value of net assets at beginning of year (total assets less liabilities)2012-10-24$5,535,951
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-10-24No
Were any loans by the plan or fixed income obligations due to the plan in default2012-10-24No
Were any leases to which the plan was party in default or uncollectible2012-10-24No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-10-24$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-10-24$4,252,489
Interest on participant loans2012-10-24$1,430
Interest earned on other investments2012-10-24$14,116
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-10-24$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-10-24$16,077
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-10-24$16,077
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-10-24$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-10-24$1,073,418
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-10-24$465,530
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-10-24No
Was there a failure to transmit to the plan any participant contributions2012-10-24No
Has the plan failed to provide any benefit when due under the plan2012-10-24No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-10-24$6,071,489
Did the plan have assets held for investment2012-10-24No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-24No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-10-24Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-10-24Yes
Opinion of an independent qualified public accountant for this plan2012-10-24Disclaimer
Accountancy firm name2012-10-24FREEDMAN & GOLDBERG CPA'S PC
Accountancy firm EIN2012-10-24382622626
2011 : THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$202,299
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,461,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,427,866
Expenses. Certain deemed distributions of participant loans2011-12-31$21,824
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$271,804
Value of total assets at end of year2011-12-31$5,535,951
Value of total assets at beginning of year2011-12-31$6,795,598
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$12,256
Total interest from all sources2011-12-31$48,723
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$49,616
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$49,616
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$271,804
Participant contributions at end of year2011-12-31$193,967
Participant contributions at beginning of year2011-12-31$151,913
Administrative expenses (other) incurred2011-12-31$12,256
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$120
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,259,647
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,535,951
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,795,598
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,252,489
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,002,212
Interest on participant loans2011-12-31$5,353
Interest earned on other investments2011-12-31$43,368
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$16,077
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$23,482
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$23,482
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,073,418
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,617,871
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-167,844
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,427,866
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31FREEDMAN & GOLDBERG, CPA, P.C.
Accountancy firm EIN2011-12-31382622626
2010 : THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,168,676
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,451,797
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,431,094
Expenses. Certain deemed distributions of participant loans2010-12-31$8,497
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$457,633
Value of total assets at end of year2010-12-31$6,795,598
Value of total assets at beginning of year2010-12-31$7,078,719
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$12,206
Total interest from all sources2010-12-31$58,623
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$58,698
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$58,698
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$457,633
Participant contributions at end of year2010-12-31$151,913
Participant contributions at beginning of year2010-12-31$236,391
Administrative expenses (other) incurred2010-12-31$12,206
Total non interest bearing cash at end of year2010-12-31$120
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-283,121
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,795,598
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,078,719
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$5,002,212
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,052,155
Interest on participant loans2010-12-31$8,879
Interest earned on other investments2010-12-31$49,740
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$23,482
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$21,939
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$21,939
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$4
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,617,871
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,768,234
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$593,722
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,431,094
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31ROSENBERG, JURASH & ASSOCIATES PC
Accountancy firm EIN2010-12-31203721761

Form 5500 Responses for THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN

2012: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE CLARK GROUP, INC. 401 (K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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