Plan Snapshot
- Plan Sponsor: Clippard Instrument Laboratory,INC
- Sponsor EIN: 310509028
- Sponsor Address: 7390 COLERAIN AVENUE, CINCINNATI, OH, 452395396
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 136
- Total Assets: $265,800
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 136 | $265,800 | $0 | $0 |
| 2024 | 135 | $152,361 | $1.8M | $582,168 |
| 2023 | 149 | $322,217 | $1.8M | $649,025 |
| 2022 | 164 | $355,319 | $1.6M | $563,823 |
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 |
|---|---|---|---|---|
| CUSTOM DESIGN BENEFITS, LLC | Recordkeeper | $90,903 | — | $90,903 |
| HUB INTERNATIONAL LIMITED | Insurance Carrier | $42,287 | — | $42,287 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,190
- Estimated Expense Ratio: 50.109% 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 | $2,721,553 | — | $90,903 | — | — |
| 2024 | $129,435 | — | $129,425 | — | — |
| 2023 | $145,941 | — | $145,941 | — | — |
| 2022 | $140,964 | — | $140,964 | — | — |