401k Plan data: CLEARON CORPORATION 401(K) PLAN plan

CLEARON CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	CLEARON CORPORATION 401(K) PLAN
Plan identification number	004

CLEARON CORPORATION 401(K) PLAN 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 CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01 MELISSA WANDLING 2023-08-21
004 2021-01-01 MELISSA WANDLING 2022-10-03
004 2020-01-01
004 2019-01-01
004 2018-01-01
004 2017-01-01 MATTHEW WHITE
004 2016-08-15 MATTHEW WHITE

Plan Statistics for CLEARON CORPORATION 401(K) PLAN

401k plan membership statisitcs for CLEARON CORPORATION 401(K) PLAN

Measure Date Value
2020: CLEARON CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 97
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 75
Number of other retired or separated participants entitled to future benefits 2020-01-01 22
Total of all active and inactive participants 2020-01-01 97
Total participants 2020-01-01 97
Number of participants with account balances 2020-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 7
2019: CLEARON CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 84
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 78
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 19
Total of all active and inactive participants 2019-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 97
Number of participants with account balances 2019-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 6
2018: CLEARON CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 72
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 71
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 13
Total of all active and inactive participants 2018-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 84
Number of participants with account balances 2018-01-01 83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: CLEARON CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 73
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 62
Number of retired or separated participants receiving benefits 2017-01-01 1
Number of other retired or separated participants entitled to future benefits 2017-01-01 9
Total of all active and inactive participants 2017-01-01 72
Total participants 2017-01-01 72
Number of participants with account balances 2017-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 6
2016: CLEARON CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-08-15 63
Total number of active participants reported on line 7a of the Form 5500 2016-08-15 64
Number of retired or separated participants receiving benefits 2016-08-15 0
Number of other retired or separated participants entitled to future benefits 2016-08-15 8
Total of all active and inactive participants 2016-08-15 72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-08-15 1
Total participants 2016-08-15 73
Number of participants with account balances 2016-08-15 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-08-15 1

Measure	Date	Value
2020: CLEARON CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	97
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	75
Number of other retired or separated participants entitled to future benefits	2020-01-01	22
Total of all active and inactive participants	2020-01-01	97
Total participants	2020-01-01	97
Number of participants with account balances	2020-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	7
2019: CLEARON CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	84
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	78
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	19
Total of all active and inactive participants	2019-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	97
Number of participants with account balances	2019-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	6
2018: CLEARON CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	72
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	71
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	13
Total of all active and inactive participants	2018-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	84
Number of participants with account balances	2018-01-01	83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: CLEARON CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	73
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	62
Number of retired or separated participants receiving benefits	2017-01-01	1
Number of other retired or separated participants entitled to future benefits	2017-01-01	9
Total of all active and inactive participants	2017-01-01	72
Total participants	2017-01-01	72
Number of participants with account balances	2017-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	6
2016: CLEARON CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-08-15	63
Total number of active participants reported on line 7a of the Form 5500	2016-08-15	64
Number of retired or separated participants receiving benefits	2016-08-15	0
Number of other retired or separated participants entitled to future benefits	2016-08-15	8
Total of all active and inactive participants	2016-08-15	72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-08-15	1
Total participants	2016-08-15	73
Number of participants with account balances	2016-08-15	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-08-15	1

Financial Data on CLEARON CORPORATION 401(K) PLAN

Measure	Date	Value
2020 : CLEARON CORPORATION 401(K) PLAN 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	$3,297,032
Expenses. Total of all expenses incurred	2020-12-31	$2,235,658
Benefits paid (including direct rollovers)	2020-12-31	$2,210,355
Total plan assets at end of year	2020-12-31	$10,137,056
Total plan assets at beginning of year	2020-12-31	$9,022,955
Value of fidelity bond covering the plan	2020-12-31	$500,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$522,843
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$1,038,949
Other income received	2020-12-31	$1,388,065
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$1,061,374
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$10,137,056
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$9,022,955
Assets. Value of participant loans	2020-12-31	$174,887
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$347,175
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$23,884
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$1,419
2019 : CLEARON CORPORATION 401(K) PLAN 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	$2,709,776
Expenses. Total of all expenses incurred	2019-12-31	$2,734,189
Benefits paid (including direct rollovers)	2019-12-31	$2,732,258
Total plan assets at end of year	2019-12-31	$9,022,955
Total plan assets at beginning of year	2019-12-31	$9,029,159
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$534,976
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$125,119
Other income received	2019-12-31	$1,575,297
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$-24,413
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$9,022,955
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$9,029,159
Assets. Value of participant loans	2019-12-31	$401,441
Total contributions received or receivable from employer(s)	2019-12-31	$474,384
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$1,931
2018 : CLEARON CORPORATION 401(K) PLAN 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	$483,977
Expenses. Total of all expenses incurred	2018-12-31	$1,177,697
Benefits paid (including direct rollovers)	2018-12-31	$1,140,851
Total plan assets at end of year	2018-12-31	$9,029,159
Total plan assets at beginning of year	2018-12-31	$9,348,005
Value of fidelity bond covering the plan	2018-12-31	$500,000
Total contributions received or receivable from participants	2018-12-31	$478,967
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$109,267
Other income received	2018-12-31	$-474,329
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-693,720
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$9,029,159
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$9,348,005
Assets. Value of participant loans	2018-12-31	$411,552
Total contributions received or receivable from employer(s)	2018-12-31	$370,072
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$34,846
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$2,000
2017 : CLEARON CORPORATION 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$2,057,537
Expenses. Total of all expenses incurred	2017-12-31	$499,026
Benefits paid (including direct rollovers)	2017-12-31	$497,663
Total plan assets at end of year	2017-12-31	$9,348,005
Total plan assets at beginning of year	2017-12-31	$7,789,494
Assets. Value of tangible personal property	2017-12-31	$0
Total contributions received or receivable from participants	2017-12-31	$467,344
Assets. Value of loans (other than to participants)	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$1,216,893
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$1,558,511
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$9,348,005
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$7,789,494
Assets. Value of participant loans	2017-12-31	$364,704
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$0
Assets. Value of real-estate (other than employer real property)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$0
Assets. Value of employer real property	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$373,300
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$1,363
2016 : CLEARON CORPORATION 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$7,565,899
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$416,130
Expenses. Total of all expenses incurred	2016-12-31	$192,535
Benefits paid (including direct rollovers)	2016-12-31	$189,901
Total plan assets at end of year	2016-12-31	$7,789,494
Total plan assets at beginning of year	2016-12-31	$0
Total contributions received or receivable from participants	2016-12-31	$182,681
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$30,425
Other income received	2016-12-31	$59,547
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$223,595
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$7,789,494
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$0
Assets. Value of participant loans	2016-12-31	$336,148
Total contributions received or receivable from employer(s)	2016-12-31	$143,477
Value of certain deemed distributions of participant loans	2016-12-31	$2,209
Value of corrective distributions	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$425

Form 5500 Responses for CLEARON CORPORATION 401(K) PLAN

2020: CLEARON CORPORATION 401(K) PLAN 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	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CLEARON CORPORATION 401(K) PLAN 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	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CLEARON CORPORATION 401(K) PLAN 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	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: CLEARON CORPORATION 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: CLEARON CORPORATION 401(K) PLAN 2016 form 5500 responses
2016-08-15	Type of plan entity	Single employer plan
2016-08-15	First time form 5500 has been submitted	Yes
2016-08-15	Submission has been amended	No
2016-08-15	This submission is the final filing	No
2016-08-15	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-08-15	Plan is a collectively bargained plan	No
2016-08-15	Plan funding arrangement – Trust	Yes
2016-08-15	Plan benefit arrangement - Trust	Yes

Potentially related plans

CLEARON CORPORATION EMPLOYEES' PENSION PLAN [EIN = 133852034]

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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

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
004	2022-01-01	MELISSA WANDLING	2023-08-21
004	2021-01-01	MELISSA WANDLING	2022-10-03
004	2020-01-01
004	2019-01-01
004	2018-01-01
004	2017-01-01	MATTHEW WHITE
004	2016-08-15	MATTHEW WHITE