Plan Ledger DOL Form 5500 · updated monthly

Cloudreach, Inc.401(k)

CLOUDREACH INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Cloudreach, Inc. reported $119,633 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,478 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 3 years on file its reported administrative ratio has held roughly steady near 0.978%. 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 among the smaller plans on file in New York (3,245th of 5,648), and 1,336th of 2,199 in information & media. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has shrunk from 174 to 79 since 2022.

Plan summary
Net assets, end of year$12,641,452
Participants with balances341
Active participants79
Employer contributions$432,787
Employee contributions$1,070,464
Employer contribution per active participant$5,478
Average account balance$37,072
Benefits paid to participants$2,206,244
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 341 accts · $433K emplr
2023$11.8M · 398 accts · $629K emplr
2022$9.8M · 439 accts · $653K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,085
Investment management$87,298
Audit (IQPA)$18,250
Total administrative$119,633
The Cloudreach, Inc. 401(k) match · 2024
Employer contribution per active participant$5,478
Median for plans this size$2,416
2024$5,478 per active participant
2023$5,196 per active participant
2022$3,751 per active participant

Cloudreach, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
ABAR RETIREMENT PLAN SERVICES · Recordkeeping$19,125
CETERA ADVISORS LLC/MARC B LEVY · Investment advisory (plan)$49,300
LINCOLN NATIONAL CORPORATION · Contract administrator$32,959
PKF OCONNOR DAVIES LLP · Accounting / audit$18,250

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

Recordkeeper by year2
2024ABAR RETIREMENT PLAN SERVICES
2023ABAR RETIREMENT PLAN SERVICES

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Administrative cost history3
2024$119,633 · 0.98%
2023$131,639 · 1.22%
2022$97,799 · 0.98%
Same employer
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Bombora, Inc. NY$13.9M · 0.01%
Deutsche Telekom, Inc. NY$13.8M · 0.01%
A24 Services LLC NY$12.9M · 0.00%
Teacher Synergy LLC NY$12.8M · 0.09%
The Daily Beast Company LLC NY$12.2M · 0.29%
Bertelsmann Inc. NY$12.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465416414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.