Plan Ledger DOL Form 5500 · updated monthly

Telescope Casual Furniture, Inc.401(k)

PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC. · GRANVILLE, NY · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Telescope Casual Furniture, Inc. reported $10,404 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 has held roughly steady near 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,371st of 5,648), and 8,123rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$11,678,957
Participants with balances74
Active participants85
Employer contributions$0
Employee contributions$249,526
Employer contribution per active participant$0
Average account balance$157,824
Benefits paid to participants$296,353
Plan auditUnmodified (clean) audit opinion
AuditorCMJ, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$11.7M · 74 accts
2022$10.2M · 73 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$538
Investment management$866
Audit (IQPA)$9,000
Total administrative$10,404
The Telescope Casual Furniture, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Telescope Casual Furniture, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CMJ, LLP · Accounting / audit$9,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$587

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

Recordkeeper by year2
2024GLENS FALLS NATIONAL BANK AND TRUST
2023GLENS FALLS NATIONAL BANK AND TRUST

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Administrative cost history2
2023$10,404 · 0.10%
2022$10,565 · 0.09%
All plans at this employer2
PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC.401(k)
PENSION SAVINGS PLAN FOR PRODUCTION EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC.401(k)
Same employer
Similar plansManufacturing · New York
Spectral Systems, LLC NY$11.9M · 0.36%
Therm, Incorporated NY$11.7M · 0.73%
Varflex Corporation NY$11.5M · 0.04%
Kinplex Corporation NY$11.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141110750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.