Plan Ledger DOL Form 5500 · updated monthly

Klearnow Corporation401(k)

KLEARNOW CORP 401(K) PROFIT SHARING PLAN & TRUST · SANTA CLARA, CA · plan year 2023

Reported admin expense ratio · 2023
1.28%

Klearnow Corporation reported $31,338 in plan administrative expenses for 2023: 1.28% of average plan assets, higher than ~90% 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.

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 California (7,946th of 9,483), and 10,610th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$2,804,142
Participants with balances137
Active participants59
Employer contributions—
Employee contributions$347,781
Employer contribution per active participant—
Average account balance$20,468
Benefits paid to participants$92,381
AuditorLSL, LLP
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,168
Investment management$14,170
Total administrative$31,338
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
PAYCHEX, INC. · Recordkeeping$8,281
401K GENERATION INC. · Investment advisory (participants)$12,892
401K GENERATION · Contract administrator$8,551

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

Administrative cost history1
2023$31,338 · 1.28%
Same employer
Similar plansProfessional & Technical Services · California
Datanet IT CA$2.9M · 0.60%
Revolution Media, Inc. CA$2.9M · 0.57%
West Coast Services LLC CA$2.8M · 0.90%
Branded Group, Inc. CA$2.8M · 1.46%
Red Oak Tech, Inc. CA$2.8M · 0.77%
Parsable, Inc. CA$2.7M · 0.58%
Apn Software Services CA$2.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824866723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.