Retirement plan

CLARION PARTNERS, LLC 401K PROFIT SHARING PLAN

Name: CLARION PARTNERS, LLC - CLARION PARTNERS, LLC 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: CLARION PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARION PARTNERS, LLC 401K PROFIT SHARING PLAN, CLARION PARTNERS, LLC

CLARION PARTNERS, LLCEIN 13-3379970Plan #001PY 2023

230 PARK AVENUE 12TH FLOOR - NEW YORK, NY 10169212-883-2653clarionpartners.comLinkedIn201-500 employeesfinancial services

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$149.4M

+22.0% from 2022

Total participants

520

-0.6% from 2022

Average account balance

$295,316

+23.2% from 2022

Annual return

21.10%

+40.99 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$166.75M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$334K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

499

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$264

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY8 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$83,093
COHNREZNICK LLP9+ years Service code 10 350 CHURCH STREET · HARTFORD, CT 061031136	Accounting	$17,300

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$108K

$318 / participant

Investment mgmt$12K11.0%
Contract admin$77K71.9%
Other / not subdivided$18K17.1%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$295,316

$56,638+421.4%

$169,390+74.3%

$74,460+296.6%

Participation rate

95.9%

67.5%+28.4pp

77.2%+18.7pp

70.7%+25.1pp

Annual return

21.10%

24.75%-3.7pp

406.07%-385.0pp

34.38%-13.3pp

Employer contribution / active EE

$12,665

$2,027+524.9%

$4,013+215.6%

$2,638+380.1%

Participant deferral / active EE

$14,153

$4,223+235.2%

$6,222+127.4%

$4,530+212.4%

Admin fee / account holder

$213

$307-30.5%

$9,015-97.6%

$348-38.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$83,093

COHNREZNICK LLP9+ years

Service code 10

350 CHURCH STREET · HARTFORD, CT 061031136

Accounting

$17,300

CLARION PARTNERS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARION PARTNERS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion