Sovereign Commercial Services, Inc. 401(k) Plan (terminated 2024): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2024. Assets moved to the PREVAILING POOLED EMPLOYER PLAN (sponsored by PREVAILING ASSET MANAGEMENT LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Sovereign Commercial Services, Inc. 401(k) Plan Facts (plan year 2024)

Plan name
PREVAILING MULTIPLE EMPLOYER PLAN
Plan type
401(k) with employer contributions
Plan sponsor
SOVEREIGN COMMERCIAL SERVICES, INC.
Participants
105
Plan year
Jan 1, 2024 – Jul 31, 2024
Plan established
Jan 1, 2014
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window— Profit sharing— Company stock (ESOP)

Source: Form 5500-SF for plan year 2024 (Jan 1, 2024 – Jul 31, 2024), filed May 16, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $20,883 went into the plan in contributions.
  • $72,909 was paid out to participants.
  • Investment and other income added $49,832.

How the Sovereign Commercial Services, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019116$159,750—$4,449
2020116$400,479—$0
2021114$476,567—$0
2022106$464,497$30$7,201
2023109$590,917——
2024 (final)105$0—$72,909

Sovereign Commercial Services, Inc. 401(k) Contact Information

Phone
570-343-8546
Mailing address
211 N. STATE STREET, CLARKS SUMMIT PA 18411
Plan sponsor
SOVEREIGN COMMERCIAL SERVICES, INC.
Plan administrator
PREVAILING ASSET MANAGEMENT, LLC
Employer identification number (EIN)
27-1100580
Plan number
001

Questions about the Sovereign Commercial Services, Inc. 401(k)

Is the Sovereign Commercial Services, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2024. Its assets were transferred to the PREVAILING POOLED EMPLOYER PLAN.

Does Sovereign Commercial Services, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Sovereign Commercial Services, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Sovereign Commercial Services, Inc 401(k) plan?

105 participants at the start of plan year 2024.

Who manages the Sovereign Commercial Services, Inc 401(k) accounts?

SPECIALIZED PLAN ADMINISTRATORS is the plan's recordkeeper, which is where participants log in to see their balance.

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