Plan Ledger DOL Form 5500 · updated monthly

Tellus Solutions Inc401(k)

TELLUS SOLUTIONS INC 401(K) PROFIT SHARING PLAN & TRUST · SANTA CLARA, CA · plan year 2023

Reported admin expense ratio · 2023
1.12%

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

Tellus Solutions Inc reported $9,590 in plan administrative expenses for 2023: 1.12% of average plan assets, above the peer median. Employer contributions averaged $289 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 rose from 0.96% to 1.12%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (8,877th of 9,483), and 11,281st of 11,654 in professional & technical services. In 2023, employees put in $9.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$897,827
Participants with balances184
Active participants79
Employer contributions$22,844
Employee contributions$211,351
Employer contribution per active participant$289
Average account balance$4,879
Benefits paid to participants$241,970
Plan auditUnmodified (clean) audit opinion
AuditorBRENT HOPKINS
Plan history2
Yearassets · accounts · employer contribution
2023$898K · 184 accts · $23K emplr
2022$817K · 146 accts · $21K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,315
Investment management$5,275
Total administrative$9,590
The Tellus Solutions Inc 401(k) match · 2023
Employer contribution per active participant$289
Median for plans this size$522
2023$289 per active participant
2022$277 per active participant

Tellus Solutions Inc's 2023 employer contribution ran below the $522 median for plans its size. 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.

Administrative cost history2
2023$9,590 · 1.12%
2022$7,276 · 0.96%
Similar plansProfessional & Technical Services · California
Fleetlogix Inc. CA$937K · 0.49%
Unix Packaging LLC CA$925K · 3.29%
Ethika Inc CA$887K · 0.25%
Drybar Holdings LLC CA$835K · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113766961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.