Retirement plan

CLEAR PEO, LLC 401(K) SAVINGS PLAN

Name: CLEAR PEO, LLC - CLEAR PEO, LLC 401(K) SAVINGS PLAN (2016) Form 5500
Creator: CLEAR PEO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEAR PEO, LLC 401(K) SAVINGS PLAN, CLEAR PEO, LLC

CLEAR PEO, LLCEIN 35-2535759Plan #333PY 2016

2080 CABOT BLVD WEST, STE. 202 - LANGHORNE, PA 19047215-701-9400

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.4M

No prior year

Total participants

517

No prior year

Average account balance

$38,326

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 631 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort631 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.40M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

402

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.

49.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+36.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$17,398
SOUND FINANCIAL SOLUTIONS INC1+ years Filed as: SOUND FINANCIAL SOLUTIONS Service code 27 · EIN 22-3436692	Advisory (Plan)	$14,890

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$74 / participant

Contract admin$35K100.0%

% of EOY assets

0.418%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOND, ANDIOLA P.C.
Auditor EIN: 223205275
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,326

$30,599+25.3%

$74,577-48.6%

$57,658-33.5%

Participation rate

37.1%

49.1%-12.0pp

68.1%-31.0pp

70.2%-33.1pp

Annual return

0.00%

14.24%-14.2pp

20.47%-20.5pp

5.13%-5.1pp

Employer contribution / active EE

$477

$1,000-52.3%

$2,525-81.1%

$1,974-75.8%

Participant deferral / active EE

$1,584

$1,805-12.2%

$3,458-54.2%

$3,061-48.2%

Admin fee / account holder

$160

$98+63.4%

$4,138-96.1%

$95+69.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$17,398

SOUND FINANCIAL SOLUTIONS INC1+ years

Filed as: SOUND FINANCIAL SOLUTIONS

Service code 27 · EIN 22-3436692

Advisory (Plan)

$14,890

CLEAR PEO, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEAR PEO, LLC 401(K) SAVINGS 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