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CLEARON 401-K 401k Plan overview

Plan NameCLEARON 401-K
Plan identification number 001

CLEARON 401-K Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CLEARON CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:CLEARON CORPORATION
Employer identification number (EIN):133850328
NAIC Classification:325100

Additional information about CLEARON CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2481205

More information about CLEARON CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLEARON 401-K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01HEATHER LUTHER HEATHER LUTHER2011-05-13

Plan Statistics for CLEARON 401-K

401k plan membership statisitcs for CLEARON 401-K

Measure Date Value
2010: CLEARON 401-K 2010 401k membership
Total participants, beginning-of-year2010-01-01115
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on CLEARON 401-K

Measure Date Value
2010 : CLEARON 401-K 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-07-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-07-31$0
Total unrealized appreciation/depreciation of assets2010-07-31$0
Total transfer of assets to this plan2010-07-31$0
Total transfer of assets from this plan2010-07-31$14,188,181
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-07-31$0
Expenses. Interest paid2010-07-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-07-31$0
Total income from all sources (including contributions)2010-07-31$283,846
Total loss/gain on sale of assets2010-07-31$0
Total of all expenses incurred2010-07-31$1,018,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-07-31$1,013,918
Expenses. Certain deemed distributions of participant loans2010-07-31$0
Value of total corrective distributions2010-07-31$3,592
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-07-31$559,922
Value of total assets at end of year2010-07-31$0
Value of total assets at beginning of year2010-07-31$14,922,963
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-07-31$1,118
Total income from rents2010-07-31$0
Total interest from all sources2010-07-31$158,927
Total dividends received (eg from common stock, registered investment company shares)2010-07-31$45,634
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-07-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-07-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-07-31$45,634
Assets. Real estate other than employer real property at end of year2010-07-31$0
Assets. Real estate other than employer real property at beginning of year2010-07-31$0
Administrative expenses professional fees incurred2010-07-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-07-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-07-31$0
Was this plan covered by a fidelity bond2010-07-31Yes
Value of fidelity bond cover2010-07-31$500,000
If this is an individual account plan, was there a blackout period2010-07-31No
Were there any nonexempt tranactions with any party-in-interest2010-07-31No
Contributions received from participants2010-07-31$420,907
Participant contributions at end of year2010-07-31$0
Participant contributions at beginning of year2010-07-31$393,207
Participant contributions at end of year2010-07-31$0
Participant contributions at beginning of year2010-07-31$0
Assets. Other investments not covered elsewhere at end of year2010-07-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-07-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-07-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-07-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-07-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-07-31$0
Assets. Loans (other than to participants) at end of year2010-07-31$0
Assets. Loans (other than to participants) at beginning of year2010-07-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-07-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-07-31$0
Other income not declared elsewhere2010-07-31$0
Liabilities. Value of operating payables at end of year2010-07-31$0
Liabilities. Value of operating payables at beginning of year2010-07-31$0
Total non interest bearing cash at end of year2010-07-31$0
Total non interest bearing cash at beginning of year2010-07-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-07-31No
Income. Non cash contributions2010-07-31$0
Value of net income/loss2010-07-31$-734,782
Value of net assets at end of year (total assets less liabilities)2010-07-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-07-31$14,922,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-07-31No
Were any leases to which the plan was party in default or uncollectible2010-07-31No
Assets. partnership/joint venture interests at end of year2010-07-31$0
Assets. partnership/joint venture interests at beginning of year2010-07-31$0
Investment advisory and management fees2010-07-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-07-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-07-31$8,116,762
Value of interest in pooled separate accounts at end of year2010-07-31$0
Value of interest in pooled separate accounts at beginning of year2010-07-31$0
Interest on participant loans2010-07-31$0
Income. Interest from loans (other than to participants)2010-07-31$0
Interest earned on other investments2010-07-31$145,601
Income. Interest from US Government securities2010-07-31$0
Income. Interest from corporate debt instruments2010-07-31$0
Value of interest in master investment trust accounts at end of year2010-07-31$0
Value of interest in master investment trust accounts at beginning of year2010-07-31$0
Value of interest in common/collective trusts at end of year2010-07-31$0
Value of interest in common/collective trusts at beginning of year2010-07-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-07-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-07-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-07-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-07-31$13,326
Assets. Value of investments in 103.12 investment entities at end of year2010-07-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2010-07-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-07-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-07-31$6,412,994
Expenses. Payments to insurance carriers foe the provision of benefits2010-07-31$0
Asset value of US Government securities at end of year2010-07-31$0
Asset value of US Government securities at beginning of year2010-07-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-07-31$-480,637
Net investment gain/loss from pooled separate accounts2010-07-31$0
Net investment gain or loss from common/collective trusts2010-07-31$0
Net gain/loss from 103.12 investment entities2010-07-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-07-31No
Was there a failure to transmit to the plan any participant contributions2010-07-31No
Has the plan failed to provide any benefit when due under the plan2010-07-31No
Assets. Invements in employer securities at end of year2010-07-31$0
Assets. Invements in employer securities at beginning of year2010-07-31$0
Assets. Value of employer real property at end of year2010-07-31$0
Assets. Value of employer real property at beginning of year2010-07-31$0
Contributions received in cash from employer2010-07-31$139,015
Employer contributions (assets) at end of year2010-07-31$0
Employer contributions (assets) at beginning of year2010-07-31$0
Income. Dividends from preferred stock2010-07-31$0
Income. Dividends from common stock2010-07-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-07-31$1,013,918
Asset. Corporate debt instrument preferred debt at end of year2010-07-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-07-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-07-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-07-31$0
Contract administrator fees2010-07-31$1,118
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-07-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-07-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-07-31$0
Liabilities. Value of benefit claims payable at end of year2010-07-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-07-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2010-07-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-07-31$0
Did the plan have assets held for investment2010-07-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-07-31Yes
Aggregate proceeds on sale of assets2010-07-31$0
Aggregate carrying amount (costs) on sale of assets2010-07-31$0
Liabilities. Value of acquisition indebtedness at end of year2010-07-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-07-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-07-31Yes
Opinion of an independent qualified public accountant for this plan2010-07-31Disclaimer
Accountancy firm name2010-07-31GIBBONS AND KAWASH
Accountancy firm EIN2010-07-31550738985

Form 5500 Responses for CLEARON 401-K

2010: CLEARON 401-K 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes

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