Plan Snapshot
- Plan Sponsor: Cardone Industries, INC.
- Sponsor EIN: 233000982
- Sponsor Address: 127 PUBLIC SQUARE, SUITE 5300, CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 300
- Total Assets: $95.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 300 | $95.9M | $1.1M | $2.5M |
| 2022 | 1,014 | $95.2M | $2.3M | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $84,168 | — | $84,168 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | Investment Advisor | $62,728 | — | $62,728 |
| CARON & BLETZER, PLLC | Auditor | $13,500 | — | $13,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $160,396
- Estimated Expense Ratio: 0.167% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2023 | $156,212 | $46,814 | $94,761 | $13,500 | — |
| 2022 | $169,202 | $60,900 | $94,377 | — | $12,600 |