Plan Snapshot
- Plan Sponsor: Clover Health, LLC
- Sponsor EIN: 383889370
- Sponsor Address: 22 4TH STREET, 5TH FLOOR, SAN FRANCISCO, CA, 94103
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 823
- Total Assets: $55.6M
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 | 823 | $55.6M | $0 | $0 |
| 2024 | 469 | $40.5M | $1.9M | $4.6M |
| 2023 | 481 | $32.9M | $1.7M | $4.8M |
| 2022 | 562 | $23.5M | $1.6M | $4.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $83,890 | — | $83,890 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,890
- Estimated Expense Ratio: 0.151% 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 | $2,864,073 | — | — | — | — |
| 2024 | $84,447 | — | — | — | — |
| 2023 | $74,460 | — | — | — | — |
| 2022 | $57,039 | — | — | — | — |