Plan Snapshot
- Plan Sponsor: Clearone Advantage, LLC
- Sponsor EIN: 263315163
- Sponsor Address: 3500 BOSTON ST SUITE 413, BALTIMORE, MD, 21224
- Plan Type: 401(k)
- Total Participants: 312
- Total Assets: $4.9M
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 | 312 | $4.9M | $0 | $1.2M |
| 2023 | 313 | $3.6M | $0 | $949,939 |
| 2022 | 362 | $2.5M | $0 | $1.1M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $47,426 | — | $47,426 |
| KESTRA ADVISORY SERVICES | INVESTMENT/FINANCIAL ADVI | $20,056 | — | $20,056 |
| GRANDIZIO WILKINS LITTLE & MAT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- KESTRA ADVISORY SERVICES — INVESTMENT/FINANCIAL ADVI
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,482
- Estimated Expense Ratio: 1.389% 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 | $67,483 | — | — | — | — |
| 2023 | $58,443 | — | — | — | — |
| 2022 | $60,486 | — | — | — | — |