2023 Form 5500 filing — Clever Devices Ltd. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001084006NAL0003847443001) for Clever Devices Ltd. 401(K) Plan, reported by Clever Devices Ltd. under EIN 11-2908781 and plan number 001. It reports 614 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001084006NAL0003847443001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Clever Devices Ltd.
- EIN
- 11-2908781
- Plan number
- 001
- Location
- Woodbury, NY
- Participants
- 614
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $61,373,956
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $61,373,956
- Employer contributions
- $1,107,518
- Participant contributions
- $4,648,235
- Total income / additions
- $14,495,134
- Benefits paid
- $4,001,232
- Administrative expenses
- $58,544
- Total expenses
- $4,096,417
- Net increase / (decrease)
- $10,398,717
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Global Retirement Partners LLC | SERVICE PROVIDER | $0 | $82,571 |
| Sentinel Benefits Group Inc. | THIRD PARTY ADMINISTRATO | $19,183 | not reported in the loaded dataset |
| Morningstar Investment Management | SERVICE PROVIDER | $12,268 | not reported in the loaded dataset |
| Voya Retirement Insurance And Annui | SERVICE PROVIDER | $12,268 | $0 |
| Voya Retirement Advisors, LLC | SERVICE PROVIDER | $8,208 | not reported in the loaded dataset |