Benchmarking Clearone Advantage, LLC in Baltimore, MD against all plans
Of all the 3,476 plans whose economic sector is Professional, Scientific, and Technical Services, only Clearone Advantage, LLC in Baltimore, MD has both such a high total administrative expense per participant ($140.34) and such a low average account balance ($5,873).
So, any other plan with as high a total administrative expense per participant also has higher average account balance. Likewise, any other plan with as low an average account balance also has lower total administrative expense per participant.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Clearone Advantage, LLC has these standings among those 3,476 peer plans:
Note: average account balance = total assets ÷ total participants
Clearone Advantage, LLC has these standings among those 3,476 peer plans:
So, any other plan with as high a total administrative expense per participant also has higher average account balance. Likewise, any other plan with as low an average account balance also has lower total administrative expense per participant.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Clearone Advantage, LLC has these standings among those 3,476 peer plans:
- total administrative expense per participant = $140.34 (1,266th-highest)
- total administrative expenses = $60,486 (211th-highest)
- total participants = 431 (314th-most, tied)
Note: average account balance = total assets ÷ total participants
Clearone Advantage, LLC has these standings among those 3,476 peer plans:
- average account balance = $5,873 (193rd-lowest)
- total assets = $2,531,079 (585th-least)
- total participants = 431 (314th-most, tied)
Visualize
Peers
closest are MCR, LLC 401(K) & Profit Sharing Plan in MC Lean, VA ($219.41, $5,928), Gcorp Consulting 401(K) Plan in La Jolla, CA ($141.26, $8,104), Physician Health Partners, LLC 401(K) Plan in Denver, CO ($277.90, $8,346), and Green Applications LLC 401(K) Plan in Gordonsville, VA ($148.15, $8,651), ending with Creata (USA) Inc. 401(K) Profit Sharing Plan in Oakbrook Terrace, IL ($329.01, $113,472).
References
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose economic sector is. The economic sector is the first two digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total administrative expense per participant. Lower values are better. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). To qualify for total administrative expense per participant, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.