Clarity Software Solutions 401(K) Profit Sharing Plan — Form 5500 plan (Clarity Software Solutions, 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, Clarity Software Solutions 401(K) Profit Sharing Plan is a benefit plan reported by Clarity Software Solutions, Inc. under EIN 26-0285679 and plan number 001. The latest loaded filing year is 2023. The filing reports 317 participants and $19,763,891 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$19.8MPlan net assets, end of year$19,763,891
Participants317Covered participants reported
Assets / participant$62.3KComputed: assets ÷ participants$62,347 (computed)
Provider compensation$5.4K2 Schedule C provider row(s)$5,446
- Plan sponsor
- Clarity Software Solutions, Inc.
- EIN
- 26-0285679
- Plan number
- 001
- Plan type
- 2
- Location
- Madison, CT
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 317 | H, C | 20241010082125NAL0033591072001 |
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)$19.8M total assets
Net assets$19.8MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $19,763,891
- Net assets (EOY)
- $19,763,891
- Net assets (BOY)
- $15,945,408
Income & contributions
- Employer contributions
- $739,745
- Participant contributions
- $1,758,477
- Total contributions
- $2,583,735
- Total income / additions
- $5,147,284
Expenses & distributions
- Benefits paid
- $1,241,846
- Administrative expenses
- $86,955
- Total expenses
- $1,328,801
- Net increase / (decrease)
- $3,818,483
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.
30%70%
Employer 30%Participant 70%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income24%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wilshire Associates Inc(Usa) | INVESTMENT ADVISOR | $3,542 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $1,904 | not reported in the loaded dataset | 2023 |