Plan Ledger DOL Form 5500 · updated monthly

Clarity Benefit Solutions401(k)

CLARITY BENEFIT SOLUTIONS RETIREMENT SAVINGS PLAN · CLARK, NJ · plan year 2024

Reported admin expense ratio · 2024
1.14%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Clarity Benefit Solutions reported $39,381 in plan administrative expenses for 2024: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $108 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,964th of 2,419), and 10,155th of 11,654 in professional & technical services. In 2024, employees put in $46.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,036,304
Participants with balances117
Active participants109
Employer contributions$11,796
Employee contributions$550,477
Employer contribution per active participant$108
Average account balance$34,498
Benefits paid to participants$387,035
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,381
Total administrative$39,381
The Clarity Benefit Solutions 401(k) match · 2024
Employer contribution per active participant$108
Median for plans this size$1,313

Clarity Benefit Solutions's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$35,105
ORENDA RETIREMENTM LLC · Contract administrator · Other services$4,280
M HOLDINGS SECURITIES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$39,381 · 1.14%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Hepco, Inc. NJ$4.4M · 0.59%
Pro Computer Service, LLC NJ$4.3M · 1.28%
Mbs Highway, LLC NJ$4.2M · 0.70%
Smartly, Inc. NJ$4.1M · 0.13%
Montrose Molders Corp NJ$4.0M · 0.46%
Intone Networks NJ$3.8M · 0.01%
Leading Pharma, LLC NJ$3.8M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223205534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.