Retirement plan

CLEARGOV, INC. 401(K) PLAN

Name: CLEARGOV, INC. - CLEARGOV, INC. 401(K) PLAN (2024) Form 5500
Creator: CLEARGOV, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARGOV, INC. 401(K) PLAN, CLEARGOV, INC.

CLEARGOV, INC.EIN 47-5205793Plan #001PY 2024

2 MILL AND MAIN PLACE, SUITE 630 - MAYNARD, MA 01754978-888-4469cleargov.comLinkedIn51-200 employeesgovernment administration

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.7M

+49.4% from 2023

Total participants

171

+8.2% from 2023

Average account balance

$34,257

+36.4% from 2023

Annual return

26.99%

-20.29 pp from 2023

Benchmarks

See 1,011 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,011 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

138

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+26.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES, INC. Service code 26 · EIN 95-2755361	Advisory (Participants)	$806
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$622

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$34 / participant

Contract admin$4K74.4%
Other / not subdivided$1K25.6%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,257

$79,089-56.7%

$100,392-65.9%

$74,459-54.0%

Participation rate

77.7%

79.4%-1.7pp

81.5%-3.8pp

67.2%+10.5pp

Annual return

26.99%

20.61%+6.4pp

49.45%-22.5pp

1369.70%-1342.7pp

Employer contribution / active EE

$771

$3,015-74.4%

$3,941-80.4%

$2,626-70.7%

Participant deferral / active EE

$6,683

$7,747-13.7%

$8,090-17.4%

$4,350+53.7%

Admin fee / account holder

$37

$1,336-97.2%

$7,904-99.5%

$1,945-98.1%

Provider

Service type

Compensation

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES, INC.

Service code 26 · EIN 95-2755361

Advisory (Participants)

$806

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$622

CLEARGOV, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARGOV, INC. 401(K) 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