Plan Ledger DOL Form 5500 · updated monthly

Telnet Worldwide, Inc.401(k)

TELNET WORLDWIDE, INC. 401(K) PLAN · MADISON HEIGHTS, MI · plan year 2024

Reported admin expense ratio · 2024
1.31%

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

Telnet Worldwide, Inc. reported $50,371 in plan administrative expenses for 2024: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $338 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 1.03% to 1.31%. 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 Michigan (2,118th of 2,619), and 10,147th of 11,654 in professional & technical services. In 2024, employees put in $5.11 for every $1.00 the employer contributed; active participation has grown from 111 to 185 since 2022.

Plan summary
Net assets, end of year$4,065,152
Participants with balances106
Active participants185
Employer contributions$62,556
Employee contributions$319,793
Employer contribution per active participant$338
Average account balance$38,350
Benefits paid to participants$503,091
Plan auditUnmodified (clean) audit opinion
AuditorMRPR GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 106 accts · $63K emplr
2023$3.6M · 105 accts · $277K emplr
2022$3.2M · 100 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,797
Investment management$21,574
Total administrative$50,371
The Telnet Worldwide, Inc. 401(k) match · 2024
Employer contribution per active participant$338
Median for plans this size$1,313
2024$338 per active participant
2023$1,482 per active participant

Telnet Worldwide, 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
PCS RETIREMENT, LLC · Contract administrator · Recordkeeping$28,797
GREYSTONE FINANCIAL GROUP, LLC · Investment management$21,574

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

Recordkeeper by year2
2024PCS Retirement
2023PCS Retirement

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

Administrative cost history3
2024$50,371 · 1.31%
2023$54,373 · 1.59%
2022$38,308 · 1.03%
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Mvc Mso LLC MI$4.0M · 0.32%
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Source: U.S. Department of Labor, Form 5500 series, EIN 383439822 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.