401k Plan data: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES plan

CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 401k Plan overview

Plan Name	CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES
Plan identification number	003

CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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 CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01 MELISSA WANDLING 2023-08-21
003 2021-01-01 MELISSA WANDLING 2022-10-03
003 2020-01-01
003 2019-01-01
003 2018-01-01 MATTHEW WHITE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2022-01-01	MELISSA WANDLING	2023-08-21
003	2021-01-01	MELISSA WANDLING	2022-10-03
003	2020-01-01
003	2019-01-01
003	2018-01-01	MATTHEW WHITE

Plan Statistics for CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES

401k plan membership statisitcs for CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES

Measure Date Value
2020: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2020 401k membership
Total participants, beginning-of-year 2020-01-01 80
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 64
Number of other retired or separated participants entitled to future benefits 2020-01-01 18
Total of all active and inactive participants 2020-01-01 82
Total participants 2020-01-01 82
Number of participants with account balances 2020-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 6
2019: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2019 401k membership
Total participants, beginning-of-year 2019-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 67
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 13
Total of all active and inactive participants 2019-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 80
Number of participants with account balances 2019-01-01 73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 3
2018: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2018 401k membership
Total participants, beginning-of-year 2018-01-01 74
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 63
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 14
Total of all active and inactive participants 2018-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 77
Number of participants with account balances 2018-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 1

Measure	Date	Value
2020: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2020 401k membership
Total participants, beginning-of-year	2020-01-01	80
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	64
Number of other retired or separated participants entitled to future benefits	2020-01-01	18
Total of all active and inactive participants	2020-01-01	82
Total participants	2020-01-01	82
Number of participants with account balances	2020-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	6
2019: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2019 401k membership
Total participants, beginning-of-year	2019-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	67
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	13
Total of all active and inactive participants	2019-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	80
Number of participants with account balances	2019-01-01	73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	3
2018: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2018 401k membership
Total participants, beginning-of-year	2018-01-01	74
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	63
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	14
Total of all active and inactive participants	2018-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	77
Number of participants with account balances	2018-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	1

Financial Data on CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES

Measure	Date	Value
2020 : CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2020 401k financial data
Transfers to/from the plan	2020-12-31	$-52,727
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,426,249
Expenses. Total of all expenses incurred	2020-12-31	$1,192,976
Benefits paid (including direct rollovers)	2020-12-31	$1,190,485
Total plan assets at end of year	2020-12-31	$6,639,275
Total plan assets at beginning of year	2020-12-31	$6,458,729
Value of fidelity bond covering the plan	2020-12-31	$3,000,000
Total contributions received or receivable from participants	2020-12-31	$392,089
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$9,650
Other income received	2020-12-31	$839,147
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$233,273
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$6,639,275
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$6,458,729
Assets. Value of participant loans	2020-12-31	$310,905
Total contributions received or receivable from employer(s)	2020-12-31	$185,363
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$2,491
2019 : CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2019 401k financial data
Transfers to/from the plan	2019-12-31	$-18,209
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$1,873,852
Expenses. Total of all expenses incurred	2019-12-31	$2,196,835
Benefits paid (including direct rollovers)	2019-12-31	$2,191,615
Total plan assets at end of year	2019-12-31	$6,458,729
Total plan assets at beginning of year	2019-12-31	$6,799,921
Value of fidelity bond covering the plan	2019-12-31	$3,000,000
Total contributions received or receivable from participants	2019-12-31	$392,972
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$13,619
Other income received	2019-12-31	$1,240,753
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$-322,983
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$6,458,729
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$6,799,921
Assets. Value of participant loans	2019-12-31	$282,953
Total contributions received or receivable from employer(s)	2019-12-31	$226,508
Value of certain deemed distributions of participant loans	2019-12-31	$2,676
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$2,544
2018 : CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2018 401k financial data
Transfers to/from the plan	2018-12-31	$-374,874
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$221,739
Expenses. Total of all expenses incurred	2018-12-31	$99,017
Benefits paid (including direct rollovers)	2018-12-31	$96,667
Total plan assets at end of year	2018-12-31	$6,799,921
Total plan assets at beginning of year	2018-12-31	$7,052,073
Value of fidelity bond covering the plan	2018-12-31	$3,000,000
Total contributions received or receivable from participants	2018-12-31	$389,086
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-387,674
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$122,722
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$6,799,921
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$7,052,073
Assets. Value of participant loans	2018-12-31	$239,698
Total contributions received or receivable from employer(s)	2018-12-31	$220,327
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$2,350

Form 5500 Responses for CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES

2020: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CLEARON CORP. 401(K) PLAN FOR SPECIFIED EMPLOYEES 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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

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