Plan Snapshot
- Plan Sponsor: The Clearing, INC.
- Sponsor EIN: 261287688
- Sponsor Address: 1250 CONNECTICUT AVENUE NORTHWEST S, WASHINGTON, DC, 20036
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 98
- Total Assets: $8.0M
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. |
|---|---|---|---|---|
| 2025 | 98 | $8.0M | $0 | $0 |
| 2024 | 108 | $9.4M | $452,355 | $1.0M |
| 2023 | 129 | $8.0M | $435,429 | $969,762 |
| 2022 | 111 | $7.3M | $386,319 | $818,009 |
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 |
|---|---|---|---|---|
| MERCER (US) INC MERCER INVESTMENTS | Other Service Provider | $42,846 | — | $42,846 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $14,062 | — | $14,062 |
| GRANT THORNTON LLP | Auditor | $14,032 | — | $14,032 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,940
- Estimated Expense Ratio: 0.892% 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 | $3,670,603 | $42,846 | $14,062 | — | — |
| 2024 | $73,431 | — | $1,500 | $22,863 | — |
| 2023 | $52,268 | — | $52,268 | — | — |
| 2022 | $59,999 | — | $59,999 | — | — |