Plan Ledger DOL Form 5500 · updated monthly

Tellus Equipment Solutions, LLC401(k)

TELLUS EQUIPMENT SOLUTIONS, LLC 401(K) PLAN · KATY, TX · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Tellus Equipment Solutions, LLC reported $23,465 in plan administrative expenses for 2024: 0.77% of average plan assets, above the peer median. Employer contributions averaged $489 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 0.67% to 0.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,553rd of 5,688), and 4,314th of 5,215 in retail trade. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has shrunk from 451 to 401 since 2022.

Plan summary
Net assets, end of year$3,119,779
Participants with balances125
Active participants401
Employer contributions$196,178
Employee contributions$523,972
Employer contribution per active participant$489
Average account balance$24,958
Benefits paid to participants$923,329
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 125 accts · $196K emplr
2023$2.9M · 133 accts
2022$2.3M · 139 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,465
Total administrative$23,465
The Tellus Equipment Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$489
Median for plans this size$1,313

Tellus Equipment Solutions, LLC'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$23,464

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$23,465 · 0.77%
2023$18,807 · 0.72%
2022$14,282 · 0.67%
Similar plansRetail Trade · Texas
Aries Freight Systems LP TX$3.2M · 0.72%
Stephen Joseph, Inc. TX$3.2M · 0.81%
Quality Implement Company TX$3.0M · 0.51%
Fleco Industries, Inc. TX$3.0M · 0.12%
Grocery Services, Inc. TX$2.9M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850526167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.