Plan Snapshot
- Plan Sponsor: Eclaro International, INC.
- Sponsor EIN: 731703199
- Sponsor Address: 450 FASHION AVE STE 1101, NEW YORK, NY, 101231107
- Plan Type: 401(k)
- Total Participants: 1,588
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,588 | $6.6M | $0 | $601,377 |
| 2023 | 1,514 | $5.8M | $0 | $709,033 |
| 2022 | 463 | $4.7M | $0 | $836,849 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $42,066 | — | $42,066 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $24,800 | $21 | $24,821 |
| ORENDA RETIREMENT, LLC | Recordkeeper | $18,155 | $3,228 | $21,383 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,270
- Estimated Expense Ratio: 1.334% 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 | $85,147 | $24,926 | $60,221 | — | — |
| 2023 | $69,278 | $10,250 | $48,860 | — | — |
| 2022 | $71,244 | $9,772 | $51,700 | — | $9,772 |