Plan Ledger DOL Form 5500 · updated monthly

Claro Enterprise Solutions LLC401(k)

CLARO ENTERPRISE SOLUTIONS LLC RETIREMENT SAVINGS PLAN · MIRAMAR, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Claro Enterprise Solutions LLC reported $39,262 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,108 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.

Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 773rd-largest of 3,644 plans among Florida employers on file, and the 742nd of 2,199 in information & media. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,934,107
Participants with balances228
Active participants210
Employer contributions$652,706
Employee contributions$2,119,358
Employer contribution per active participant$3,108
Average account balance$140,062
Benefits paid to participants$3,285,844
Plan auditUnmodified (clean) audit opinion
AuditorSUTTON FROST CARY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 228 accts · $653K emplr
2023$27.1M · 228 accts · $587K emplr
2022$20.4M · 227 accts · $556K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,194
Investment management$32,068
Total administrative$39,262
The Claro Enterprise Solutions LLC 401(k) match · 2024
Employer contribution per active participant$3,108
Median for plans this size$2,416
2024$3,108 per active participant
2023$2,865 per active participant
2022$2,686 per active participant

Claro Enterprise Solutions LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
ALPHA CAPITAL MANAGEMENT GROUP · Investment advisory (plan)$23,184
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,884
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,194

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

Administrative cost history3
2024$39,262 · 0.13%
2023$19,927 · 0.08%
2022$10,289 · 0.05%
Same employer
Similar plansInformation & Media · Florida
Lrp Publications, Inc. FL$32.0M · 0.01%
Wplg, Inc. FL$31.4M · 0.05%
Onsolve, LLC FL$31.0M · 0.52%
Bonnier LLC FL$29.6M · 0.37%
Digital United, LLC FL$20.5M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 760532710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.