Plan Ledger DOL Form 5500 · updated monthly

Cleverbridge, Inc.401(k)

CLEVERBRIDGE, INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Cleverbridge, Inc. reported $32,921 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $4,937 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 fell from 0.71% to 0.44%. 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 Illinois (2,631st of 3,702), and 8,773rd of 11,654 in professional & technical services. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has shrunk from 81 to 58 since 2022.

Plan summary
Net assets, end of year$7,735,267
Participants with balances93
Active participants58
Employer contributions$286,350
Employee contributions$600,879
Employer contribution per active participant$4,937
Average account balance$83,175
Benefits paid to participants$1,436,360
Plan auditUnmodified (clean) audit opinion
AuditorCASSELL PLAN AUDITS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 93 accts · $286K emplr
2023$7.3M · 105 accts · $286K emplr
2022$6.0M · 123 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,111
Investment management$18,810
Total administrative$32,921
The Cleverbridge, Inc. 401(k) match · 2024
Employer contribution per active participant$4,937
Median for plans this size$1,313
2024$4,937 per active participant
2023$4,206 per active participant
2022$3,837 per active participant

Cleverbridge, Inc.'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.

Service providers · 20242
MMA SECURITIES LLC · Investment advisory (plan)$18,808
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,110

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$32,921 · 0.44%
2023$32,250 · 0.48%
2022$48,619 · 0.71%
Similar plansProfessional & Technical Services · Illinois
Showpad Inc. IL$8.0M · 0.28%
Elevate Care, Inc. IL$8.0M · 2.06%
Avvale, Inc. IL$7.8M · 0.18%
Powerreviews, Inc. IL$7.7M · 0.67%
Twf - Twf Services, LLC IL$7.7M · 0.72%
Crosscom National, LLC IL$7.6M · 0.64%
North Fork Holdings, Inc. IL$7.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204503251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.