Plan5500

The Clarion Technologies, Inc. Profit Sharing Plan And 401(K) Plan — Form 5500 plan (Clarion Technologies, Inc.)

Plain-English plan 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, The Clarion Technologies, Inc. Profit Sharing Plan And 401(K) Plan is a benefit plan reported by Clarion Technologies, Inc. under EIN 91-1407411 and plan number 001. The latest loaded filing year is 2023. The filing reports 343 participants and $11,575,376 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$11.6MPlan net assets, end of year$11,575,376
Participants343Covered participants reported
Assets / participant$33.7KComputed: assets ÷ participants$33,747 (computed)
Provider compensation$96.4K2 Schedule C provider row(s)$96,411
Plan sponsor
Clarion Technologies, Inc.
EIN
91-1407411
Plan number
001
Plan type
2
Location
Holland, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    343 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$11.6M total assets
Net assets$11.6MLiabilities$0
Money in vs. money out
Total income / additions$3.1M
Total expenses$1.7M
Benefits paid / distributions$1.6M
Contributions
Employer$241.4K
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$11,575,376
Total liabilities (EOY)
$0
Net assets (EOY)
$11,575,376
Net assets (BOY)
$10,193,239

Income & contributions

Employer contributions
$241,396
Participant contributions
$1,011,435
Total contributions
$1,272,122
Total income / additions
$3,067,221

Expenses & distributions

Benefits paid
$1,620,126
Administrative expenses
$64,958
Total expenses
$1,685,084
Net increase / (decrease)
$1,382,137
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 19%Participant 81%
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income53%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Principal Life Insurance Company$65K
    CONTRACT ADMINISTRATOR · Direct $65K · Indirect $0
  2. 2
    Stifel, Nicolaus And Company$31.5K
    INVESTMENT ADVISORY · Direct $0 · Indirect $31.5K

Related Form 5500 pages