Plan Ledger DOL Form 5500 · updated monthly

Clearpath Lending401(k)

CLEARPATH LENDING 401(K) PLAN · IRVINE, CA · plan year 2023

Reported admin expense ratio · 2023
0.09%

Clearpath Lending reported $2,220 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% 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 1 year on file its reported administrative ratio fell from 0.22% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in California (8,033rd of 9,483), and 4,618th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,612,483
Participants with balances79
Active participants45
Employer contributions—
Employee contributions$260,559
Employer contribution per active participant—
Average account balance$33,069
Benefits paid to participants$501,034
Plan auditUnmodified (clean) audit opinion
AuditorCAMBALIZA MCGEE LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.6M · 79 accts
2022$2.2M · 106 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,220
Total administrative$2,220
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$2,220

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

Administrative cost history2
2023$2,220 · 0.09%
2022$5,741 · 0.22%
Similar plansFinance & Insurance · California
True Link Financial, Inc. CA$3.0M · 0.14%
24 Carrots LLC CA$2.7M · 0.46%
Trovata, Inc. CA$2.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455510883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.