Plan Snapshot
- Plan Sponsor: Clarity Software Solutions, INC.
- Sponsor EIN: 260285679
- Sponsor Address: 92 WALL STREET, SUITE 1, MADISON, CT, 06443
- Plan Type: 401(k)
- Total Participants: 251
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 251 | $24.4M | $1.1M | $2.1M |
| 2023 | 258 | $19.8M | $739,745 | $1.8M |
| 2022 | 284 | $15.9M | $656,238 | $1.5M |
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 |
|---|---|---|---|---|
| WHITTLESEY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $107,474 | $4,517 | $102,957 | — | — |
| 2023 | $86,955 | $3,542 | $83,413 | — | — |
| 2022 | $83,238 | $3,146 | $80,092 | — | — |