Claro Video, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Claro Video, Inc. 401(k) Plan Facts (plan year 2017)

Plan name
CLARO VIDEO, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CLARO VIDEO, INC.
Participants
140 (16 active employees)
Former employees with a balance
77
Plan assets
$2,097,785 at Dec 31, 2017
Average account balance
$22,802 across 92 accounts
Employer contributions
$49,243 in plan year 2017 (45% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jul 1, 2000
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Jul 19, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $109,918 went into the plan in contributions, $49,243 of it from the employer (45%).
  • $440,196 was paid out to participants.
  • Investment and other income added $307,861.
  • Administrative expenses were $1,900, about $21 per account.

How the Claro Video, Inc. 401(k) changed, 2014–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014221$2.38 million$250,731$849,917
2015265$1.91 million$210,317$986,000
2016201$2.13 million$147,988$266,057
2017140$2.10 million$49,243$440,196

Claro Video, Inc. 401(k) Contact Information

Phone
305-894-2503
Mailing address
9100 NW 36 STREET SUITE 110, DORAL FL 33178
Plan sponsor
CLARO VIDEO, INC.
Employer identification number (EIN)
23-3037609
Plan number
002

Questions about the Claro Video, Inc. 401(k)

Is the Claro Video, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Claro Video, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $49,243, 45% of all contributions.

Does the Claro Video, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Claro Video, Inc 401(k) plan?

140 participants at the start of plan year 2017, 16 of them active employees, and 77 former employees who still had money in the plan.

What is the average 401(k) balance at Claro Video, Inc?

About $22,802 per account: $2.10 million in plan assets across 92 accounts with a balance at the end of plan year 2017.

Who manages the Claro Video, Inc 401(k) accounts?

ADP Retirement Services is the plan's recordkeeper, which is where participants log in to see their balance.

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