401k Record

Employers › Clearfield

Clearfield 401(k)

Recordkeeping fees per participant · Clearfield, Inc. 401(k) Plan & Trust · plan year 2024

$116.24

Higher than 65% of the 14,075 plans $10 to 50M that report it.

Source

= $34,058 / 293
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250820152321NAL0005828128001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820152321NAL0005828128001, received 2025-08-20

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-20.

Cost and contributions

Administrative expenses excluding investment management, per participant

$119.65

10th: $15.36median $118.8890th: $340.63

Higher than 50% of the 24,371 plans $10 to 50M that report it.

Source

= $35,058 / 293
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250820152321NAL0005828128001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820152321NAL0005828128001, received 2025-08-20

Administrative expenses per participant

$289.25

10th: $26.86median $197.2590th: $456.10

Higher than 70% of the 25,098 plans $10 to 50M that report it.

Source

= $84,750 / 293
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820152321NAL0005828128001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820152321NAL0005828128001, received 2025-08-20

Administrative expenses as a share of assets

0.191%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 34% of the 25,132 plans $10 to 50M that report it.

Source

= $84,750 / $44,278,524
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820152321NAL0005828128001, received 2025-08-20
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250820152321NAL0005828128001, received 2025-08-20

Employer contributions per participant

$3,823

10th: $664median $2,07490th: $4,751

Higher than 83% of the 24,050 plans $10 to 50M that report it.

Source

= $1,120,011 / 293
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820152321NAL0005828128001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820152321NAL0005828128001, received 2025-08-20

Employer share of total contributions

30.5%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 60% of the 24,084 plans $10 to 50M that report it.

Source

= $1,120,011 / $3,671,542
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820152321NAL0005828128001, received 2025-08-20
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250820152321NAL0005828128001, received 2025-08-20

Plan terms, as stated in Clearfield, Inc.'s SEC filings

Employer match

“The Company matched 100% of the first 3% and 50% of the next 3% of the participant’s eligible compensation that was contributed by the participant.”

Form 10-K filed 2025-11-25, for the year ended 2025-09-30 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-09-30. Figures cover plan year 2024. The plan document governs.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250820152321NAL0005828128001, received 2025-08-20

Full record, Clearfield, Inc. 401(k) Plan & Trust

FieldValueSource
Plan sponsorCLEARFIELD, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250820152321NAL0005828128001, received 2025-08-20
Plan nameCLEARFIELD, INC. 401(K) PLAN & TRUSTForm 5500, line 1a; PLAN_NAME pos 16; filing 20250820152321NAL0005828128001, received 2025-08-20
Sponsor EIN / plan number41-1347235 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250820152321NAL0005828128001, received 2025-08-20
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250820152321NAL0005828128001, received 2025-08-20
Sponsor locationBROOKLYN PARK, MNForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250820152321NAL0005828128001, received 2025-08-20
Industry (business code)333310, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250820152321NAL0005828128001, received 2025-08-20
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250820152321NAL0005828128001, received 2025-08-20
Filing received2025-08-20Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250820152321NAL0005828128001, received 2025-08-20
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250820152321NAL0005828128001, received 2025-08-20
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250820152321NAL0005828128001, received 2025-08-20
Participants, beginning of year323Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250820152321NAL0005828128001, received 2025-08-20
Active participants251Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250820152321NAL0005828128001, received 2025-08-20
Participants, end of year314Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250820152321NAL0005828128001, received 2025-08-20
Participants with an account balance293Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820152321NAL0005828128001, received 2025-08-20
Total assets, beginning of year$40,898,869Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250820152321NAL0005828128001, received 2025-08-20
Total assets, end of year$44,278,524Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250820152321NAL0005828128001, received 2025-08-20
Net assets, end of year$44,278,524Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250820152321NAL0005828128001, received 2025-08-20
Total income$8,723,989Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250820152321NAL0005828128001, received 2025-08-20
Net income$3,436,574Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250820152321NAL0005828128001, received 2025-08-20
Employer contributions$1,120,011Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820152321NAL0005828128001, received 2025-08-20
Participant contributions$2,394,991Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250820152321NAL0005828128001, received 2025-08-20
Other contributions (incl. rollovers)$156,540Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250820152321NAL0005828128001, received 2025-08-20
Total contributions$3,671,542Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250820152321NAL0005828128001, received 2025-08-20
Benefit payments$5,202,665Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250820152321NAL0005828128001, received 2025-08-20
Total expenses (incl. benefit payments)$5,287,415Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250820152321NAL0005828128001, received 2025-08-20
Total administrative expenses$84,750Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820152321NAL0005828128001, received 2025-08-20
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250820152321NAL0005828128001, received 2025-08-20
Recordkeeping fees$34,058Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250820152321NAL0005828128001, received 2025-08-20
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250820152321NAL0005828128001, received 2025-08-20
Investment advisory and management fees$49,692Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250820152321NAL0005828128001, received 2025-08-20
Administrative expenses excluding investment management$35,058derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250820152321NAL0005828128001, received 2025-08-20
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250820152321NAL0005828128001, received 2025-08-20
Held in common/collective trusts$35,150,143Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250820152321NAL0005828128001, received 2025-08-20
Held in mutual funds$8,575,403Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250820152321NAL0005828128001, received 2025-08-20
Independent auditorEIDE BAILLYSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250820152321NAL0005828128001, received 2025-08-20

Position = column in the DOL layout for form year 2024. Filing 20250820152321NAL0005828128001, received 2025-08-20.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
GLOBAL RETIREMENT PARTNERS LLCINVESTMENT ADVISOR 27 Investment advisory (plan) $43,241no
EMPOWER ANNUITY INSURANCE COMPANY OrecordkeeperRECORDKEEPER 64 Recordkeeping fees $34,058yes
EMPOWER ADVISORY GROUP, LLCINVESTMENT MGMT 28 Investment management $6,451no
CLEARFIELD INCOTHER 99 Other fees $1,000no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250820152321NAL0005828128001, received 2025-08-20.

What changed since the 2023 plan year

Figure20232024Change
Total assets$40,898,869$44,278,5248.3%
Participants with a balance2922930.3%
Administrative expenses$91,669$84,750-7.5%
Recordkeeping fees per participant$99.04$116.2417.4%
Employer contributions$1,075,420$1,120,0114.1%

Prior filing 20240717101036NAL0004230545001, received 2024-07-17; the plan years are contiguous.

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Sponsor name as filed: CLEARFIELD, INC.; SEC registrant: Clearfield, Inc. (CIK 796505, matched by EIN; display name from the Form 10-K cover).