Plan Snapshot
- Plan Sponsor: Clever Devices Ltd.
- Sponsor EIN: 112908781
- Sponsor Address: 300 CROSSWAYS PARK DRIVE, WOODBURY, NY, 11797
- Plan Type: 401(k)
- Total Participants: 442
- Total Assets: $73.0M
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 | 442 | $73.0M | $1.2M | $4.9M |
| 2023 | 420 | $61.4M | $1.1M | $4.6M |
| 2022 | 440 | $51.0M | $1.2M | $4.5M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | SERVICE PROVIDER | — | $92,948 | $92,948 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $38,354 | — | $38,354 |
| VOYA RETIREMENT INSURANCE AND ANNUI | SERVICE PROVIDER | $6,750 | $2,012 | $8,762 |
| GRASSI & CO., CPAS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — SERVICE PROVIDER
- GRASSI & CO., CPAS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,064
- Estimated Expense Ratio: 0.192% 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 | $49,883 | $38,443 | $10,640 | — | — |
| 2023 | $58,544 | $33,252 | — | — | — |
| 2022 | $37,913 | — | — | — | $37,913 |