Plan Snapshot
- Plan Sponsor: Clarity Partners, LLC
- Sponsor EIN: 800123899
- Sponsor Address: 20 N. CLARK STREET, STE. 3600, CHICAGO, IL, 60602
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $12.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 131 | $12.7M | $495,113 | $1.1M |
| 2023 | 138 | $10.7M | $474,110 | $1.0M |
| 2022 | 152 | $8.3M | $462,417 | $941,663 |
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 |
|---|---|---|---|---|
| ROTHSCHILD INV. CORP | INV ADV | $35,791 | — | $35,791 |
| EMPOWER ANNUITY INS. CO. | RECORDKEEPER | $18,115 | — | $18,115 |
| DUFEK & COMPANY, LLC | AUDITOR | $8,500 | — | $8,500 |
| DUFEK & COMPANY LLC | Auditor | $8,500 | — | $8,500 |
| CARNOW AND ASSOCIATES, LTD. | TPA | $5,082 | — | $5,082 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DUFEK & COMPANY, LLC — AUDITOR
- DUFEK & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,988
- Estimated Expense Ratio: 0.601% 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 | $71,189 | $39,491 | $5,083 | $8,500 | — |
| 2023 | $49,400 | — | — | — | — |
| 2022 | $58,150 | — | — | — | — |