Plan Snapshot
- Plan Sponsor: Clearedge It Solutions, LLC
- Sponsor EIN: 421551459
- Sponsor Address: 10620 GUILFORD ROAD, JESSUP, MD, 20794
- Plan Type: 401(k)
- Total Participants: 63
- Total Assets: $23.5M
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 | 63 | $23.5M | $1.1M | $805,888 |
| 2023 | 55 | $21.3M | $971,742 | $775,729 |
| 2022 | 75 | $17.3M | $1.0M | $746,244 |
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 |
|---|---|---|---|---|
| KATZABOSCH | 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 | $84,145 | $47,935 | $12,215 | — | — |
| 2023 | $64,403 | $27,223 | $12,690 | — | — |
| 2022 | $73,008 | — | $73,008 | — | — |