Plan Ledger DOL Form 5500 · updated monthly

Cloudbolt Software, Inc.401(k)

CLOUDBOLT SOFTWARE, INC. 401(K) PLAN · ROCKVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.56%

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

Cloudbolt Software, Inc. reported $32,607 in plan administrative expenses for 2023: 0.56% of average plan assets, above the peer median. Employer contributions averaged $5,125 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 has held roughly steady near 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,214th of 1,671), and 9,435th of 11,654 in professional & technical services. In 2023, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,912,737
Participants with balances88
Active participants56
Employer contributions$286,990
Employee contributions$729,109
Employer contribution per active participant$5,125
Average account balance$67,190
Benefits paid to participants$1,778,037
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.9M · 88 accts · $287K emplr
2022$5.8M · 102 accts · $367K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10
Investment management$31,347
Trustee / custodial$1,250
Total administrative$32,607
The Cloudbolt Software, Inc. 401(k) match · 2023
Employer contribution per active participant$5,125
Median for plans this size$1,308
2023$5,125 per active participant
2022$5,640 per active participant

Cloudbolt Software, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
WELLINGTON RETIREMENT SOLUTIONS,INC · Recordkeeping$10
WELLINGTON CONSULTING SERVICES, INC · Investment advisory (participants) · Investment advisory (plan)$31,348
CHARLES SCHWAB AND COMPANY · Securities brokerage$1,250

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$32,607 · 0.56%
2022$33,703 · 0.55%
Similar plansProfessional & Technical Services · Maryland
A&T Systems, Inc. MD$6.0M · 0.90%
Helion Technologies, Inc. MD$5.8M · 0.92%
Tenax Technologies, LLC MD$5.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455531017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.