Plan Ledger DOL Form 5500 · updated monthly

Clover Environmental Solutions LLC401(k)

CLOVER IMAGING 401(K) PLAN · OTTAWA, IL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Clover Environmental Solutions LLC reported $113,891 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $621 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 rose from 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 943rd-largest of 3,702 plans among Illinois employers on file, and the 3,230th of 13,661 in manufacturing. In 2024, employees put in $5.43 for every $1.00 the employer contributed; active participation has shrunk from 544 to 445 since 2022.

Plan summary
Net assets, end of year$48,399,629
Participants with balances498
Active participants445
Employer contributions$276,187
Employee contributions$1,498,598
Employer contribution per active participant$621
Average account balance$97,188
Benefits paid to participants$5,842,167
Plan auditUnmodified (clean) audit opinion
AuditorFGMK LLC
Plan history3
Yearassets · accounts · employer contribution
2024$48.4M · 498 accts · $276K emplr
2023$46.1M · 553 accts · $578K emplr
2022$43.5M · 616 accts · $713K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,891
Total administrative$113,891
The Clover Environmental Solutions LLC 401(k) match · 2024
Employer contribution per active participant$621
Median for plans this size$2,416
2024$621 per active participant
2023$1,256 per active participant
2022$1,310 per active participant

Clover Environmental Solutions LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$113,891
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$113,891 · 0.24%
2023$119,698 · 0.27%
2022$106,282 · 0.22%
Similar plansManufacturing · Illinois
Beghou Consulting, LLC IL$48.8M · 0.02%
Young Innovations, Inc. IL$48.7M · 0.27%
Certified Power, Inc. IL$48.4M · 0.46%
Alpha Baking Co., Inc. IL$47.7M · 0.19%
Af Holding Co. IL$47.6M · 0.36%
Suncast Corporation IL$47.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364375236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.