Plan Ledger DOL Form 5500 · updated monthly

Clarity Clinic, LLC401(k)

CLARITY CLINIC, LLC · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Clarity Clinic, LLC reported $7,368 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,394 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.

Across the 2 years on file its reported administrative ratio rose from 0.08% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Illinois (2,718th of 3,702), and the 729th of 2,240 in accommodation & food services. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 207 to 235 since 2022.

Plan summary
Net assets, end of year$7,035,393
Participants with balances194
Active participants235
Employer contributions$562,659
Employee contributions$1,135,663
Employer contribution per active participant$2,394
Average account balance$36,265
Benefits paid to participants$659,035
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 194 accts · $563K emplr
2023$5.2M · 205 accts · $494K emplr
2022$3.2M · 169 accts · $430K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,368
Total administrative$7,368
The Clarity Clinic, LLC 401(k) match · 2024
Employer contribution per active participant$2,394
Median for plans this size$1,313
2024$2,394 per active participant
2023$2,296 per active participant
2022$2,077 per active participant

Clarity Clinic, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.

Administrative cost history3
2024$7,368 · 0.12%
2023$7,655 · 0.18%
2022$2,112 · 0.08%
Same employer
Similar plansAccommodation & Food Services · Illinois
Q Center LLC IL$9.3M · 0.25%
Chinn Enterprises, Inc. IL$7.5M · 0.41%
Puttshack USA Inc. IL$6.4M · 1.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473096083 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.