Retirement plan

ECLARO INTERNATIONAL, INC.401(K) PROFIT SHARING PLAN AND TRUST

Name: ECLARO INTERNATIONAL, INC. - ECLARO INTERNATIONAL, INC.401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: ECLARO INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECLARO INTERNATIONAL, INC.401(K) PROFIT SHARING PLAN AND TRUST, ECLARO INTERNATIONAL, INC.

ECLARO INTERNATIONAL, INC.EIN 73-1703199Plan #002PY 2023

450 FASHION AVE STE 1101 - NEW YORK, NY 101231107877-774-3600

Prospect flagsLow participationLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.8M

+23.8% from 2022

Total participants

1,565

+203.3% from 2022

Average account balance

$16,110

+31.0% from 2022

Annual return

19.95%

+38.79 pp from 2022

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.62M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

361

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.

19.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$601K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$379

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$39,115
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 17 · EIN 13-5674085	Pension Consulting	$20,418
ORENDA RETIREMENT, LLC6 years Service code 13 · EIN 36-4877979	Contract Administrator	$13,529
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH Service code 17	Pension Consulting	$21

Plan features & details

Pension benefit codes2A2E2J2S2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$46 / participant

Investment mgmt$10K14.8%
Contract admin$49K70.5%
Other / not subdivided$10K14.7%

% of EOY assets

1.188%

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: LILLING & COMPANY LLP
Auditor EIN: 133447681
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,110

$107,415-85.0%

$135,974-88.2%

$80,157-79.9%

Participation rate

20.5%

78.0%-57.5pp

81.9%-61.4pp

72.9%-52.4pp

Annual return

19.95%

91.99%-72.0pp

68.30%-48.4pp

40.39%-20.4pp

Employer contribution / active EE

$3,878-100.0%

$4,859-100.0%

$2,977-100.0%

Participant deferral / active EE

$468

$8,189-94.3%

$7,760-94.0%

$5,015-90.7%

Admin fee / account holder

$191

$127+50.7%

$10,767-98.2%

$145+32.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$39,115

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 17 · EIN 13-5674085

Pension Consulting

$20,418

ORENDA RETIREMENT, LLC6 years

Service code 13 · EIN 36-4877979

Contract Administrator

$13,529

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH

Service code 17

Pension Consulting

$21

ECLARO INTERNATIONAL, INC.401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECLARO INTERNATIONAL, INC.401(K) PROFIT SHARING PLAN AND TRUST

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