Plan Ledger DOL Form 5500 · updated monthly

Tellus Products, LLC401(k)

TELLUS PRODUCTS, LLC 401(K) PLAN · BELLE GLADE, FL · plan year 2024

Reported admin expense ratio · 2024
2.57%

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

Tellus Products, LLC reported $51,050 in plan administrative expenses for 2024: 2.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,553 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 1 year on file its reported administrative ratio fell from 2.92% to 2.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Florida (3,023rd of 3,644), and 1,340th of 2,240 in accommodation & food services. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,364,720
Participants with balances172
Active participants149
Employer contributions$529,394
Employee contributions$601,772
Employer contribution per active participant$3,553
Average account balance$13,748
Benefits paid to participants$744,546
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$2.4M · 172 accts · $529K emplr
2023$1.6M · 166 accts · $451K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,050
Total administrative$51,050
The Tellus Products, LLC 401(k) match · 2024
Employer contribution per active participant$3,553
Median for plans this size$1,313
2024$3,553 per active participant
2023$2,910 per active participant

Tellus Products, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$51,049

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$51,050 · 2.57%
2023$40,789 · 2.92%
Similar plansAccommodation & Food Services · Florida
Cocoa Beach Motel, Inc. FL$2.6M · 0.84%
Jr Management, Inc. FL$2.2M · 2.73%
Trattoria Romana, Inc. FL$2.2M · 0.69%
Cbp Manager, LLC FL$1.9M · 2.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472324075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.