Plan Snapshot
- Plan Sponsor: Clearfield, INC.
- Sponsor EIN: 411347235
- Sponsor Address: 7050 WINNETKA AVE N SUITE 100, BROOKLYN PARK, MN, 55428
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 307
- Total Assets: $49.3M
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. |
|---|---|---|---|---|
| 2025 | 307 | $49.3M | $0 | $0 |
| 2024 | 251 | $44.3M | $1.1M | $2.4M |
| 2023 | 261 | $40.9M | $1.1M | $2.4M |
| 2022 | 288 | $33.2M | $1.2M | $2.4M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $50,069 | — | $50,069 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $48,184 | — | $48,184 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,175 | — | $7,175 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,428
- Estimated Expense Ratio: 0.214% 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 |
|---|---|---|---|---|---|
| 2025 | $5,617,667 | $57,244 | — | — | — |
| 2024 | $84,750 | $49,692 | — | — | — |
| 2023 | $91,669 | $61,748 | — | — | — |
| 2022 | $80,688 | $446 | $79,825 | — | — |