# Clearone Advantage, LLC 401(k) Plan
Source: https://planprovider.pro/companies/clearone-advantage-llc-401k-plan

> Clearone Advantage, LLC&#39;s 401(k) plan: 312 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [KESTRA ADVISORY SERVICES](https://planprovider.pro/provider/sentinel-group) — 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|—|—|—|—|

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