Plan Ledger DOL Form 5500 · updated monthly

Tele-Optics, Inc.401(k)

TELE-OPTICS, INC. PROFIT SHARING 401(K) PLAN · KINGSPORT, TN · plan year 2024

Reported admin expense ratio · 2024
0.75%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Tele-Optics, Inc. reported $28,433 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $220 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.55% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (1,155th of 1,496), and 10,157th of 11,654 in professional & technical services. In 2024, employees put in $5.22 for every $1.00 the employer contributed; active participation has grown from 118 to 141 since 2022.

Plan summary
Net assets, end of year$4,029,769
Participants with balances109
Active participants141
Employer contributions$31,062
Employee contributions$162,054
Employer contribution per active participant$220
Average account balance$36,970
Benefits paid to participants$206,532
Plan auditUnmodified (clean) audit opinion
AuditorBROWN EDWARDS
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 109 accts · $31K emplr
2023$3.6M · 104 accts · $27K emplr
2022$3.5M · 105 accts · $28K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,016
Investment management$9,417
Total administrative$28,433
The Tele-Optics, Inc. 401(k) match · 2024
Employer contribution per active participant$220
Median for plans this size$1,313
2024$220 per active participant
2023$199 per active participant
2022$239 per active participant

Tele-Optics, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SOUTH-WEST INS AGENCY INC · Investment advisory (plan)$9,417

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$28,433 · 0.75%
2023$24,718 · 0.69%
2022$22,026 · 0.55%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Transnetyx, Inc. TN$4.2M · 0.54%
Bohan Agency, Inc TN$4.0M · 0.20%
Iqtalent Partners, Inc. TN$3.7M · 1.30%
Freeland Chevrolet, LLC TN$3.5M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621281655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.