Plan Ledger DOL Form 5500 · updated monthly

Clearone Advantage, LLC401(k)

CLEARONE ADVANTAGE, LLC · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
1.62%

Clearone Advantage, LLC reported $67,483 in plan administrative expenses for 2024: 1.62% of average plan assets, higher than ~90% of peers. 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 fell from 2.40% to 1.62%. 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 Maryland (1,297th of 1,671), and 9,874th of 11,654 in professional & technical services. active participation has shrunk from 362 to 312 since 2022.

Plan summary
Net assets, end of year$4,801,956
Participants with balances320
Active participants312
Employer contributions—
Employee contributions$1,180,160
Employer contribution per active participant—
Average account balance$15,006
Benefits paid to participants$544,803
Plan auditUnmodified (clean) audit opinion
AuditorGRANDIZIO WILKINS LITTLE & MAT
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 320 accts
2023$3.5M · 326 accts
2022$2.5M · 356 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,483
Total administrative$67,483
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
ADP, INC. · Loan processing · Recordkeeping$47,426
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$20,056
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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Administrative cost history3
2024$67,483 · 1.62%
2023$58,443 · 1.94%
2022$60,486 · 2.40%
Same employer
Similar plansProfessional & Technical Services · Maryland
R2I Holdings LLC MD$5.1M · 0.54%
Caruso Homes, Inc. MD$4.9M · 0.06%
A P Ventures, LLC MD$4.2M · 0.14%
The McConnell Group, Inc. MD$4.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263315163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.