Plan Snapshot
- Plan Sponsor: Clarion Technologies, INC.
- Sponsor EIN: 911407411
- Sponsor Address: 238 S RIVER FLOOR 2, HOLLAND, MI, 494232982
- Plan Type: 401(k)
- Total Participants: 356
- Total Assets: $13.6M
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. |
|---|---|---|---|---|
| 2024 | 356 | $13.6M | $248,959 | $1.2M |
| 2023 | 293 | $11.6M | $241,396 | $1.0M |
| 2022 | 212 | $10.2M | $180,288 | $855,325 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $74,378 | — | $74,378 |
| STIFEL, NICOLAUS AND COMPANY | INVESTMENT ADVISORY | — | $35,547 | $35,547 |
| HUNGERFORD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL, NICOLAUS AND COMPANY — INVESTMENT ADVISORY
- HUNGERFORD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,925
- Estimated Expense Ratio: 0.810% 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 |
|---|---|---|---|---|---|
| 2024 | $74,379 | — | $74,379 | — | — |
| 2023 | $64,958 | — | $64,958 | — | — |
| 2022 | $59,446 | — | $59,446 | — | — |