Plan Ledger DOL Form 5500 · updated monthly

Telrite Holdings, Inc.401(k)

TELRITE HOLDINGS 401K PLAN · COVINGTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Telrite Holdings, Inc. reported $94,117 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $982 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 3 years on file its reported administrative ratio has held roughly steady near 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,020th-largest of 2,160 plans among Georgia employers on file, and 1,233rd of 2,199 in information & media. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has shrunk from 405 to 340 since 2022.

Plan summary
Net assets, end of year$14,740,492
Participants with balances170
Active participants340
Employer contributions$334,035
Employee contributions$659,601
Employer contribution per active participant$982
Average account balance$86,709
Benefits paid to participants$2,507,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 170 accts · $334K emplr
2023$14.2M · 188 accts · $315K emplr
2022$11.5M · 180 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,117
Total administrative$94,117
The Telrite Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$982
Median for plans this size$2,416
2024$982 per active participant
2023$656 per active participant
2022$710 per active participant

Telrite Holdings, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,433
ORENDA RETIREMENT LLC · Contract administrator · Other services$24,690
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$94,117 · 0.65%
2023$78,252 · 0.61%
2022$81,857 · 0.63%
Same employer
Similar plansInformation & Media · Georgia
Checkmarx Inc GA$16.3M · 0.42%
Lingo Management, LLC GA$15.7M · 0.46%
Leasequery, LLC GA$15.2M · 0.11%
Oversight Systems, Inc. GA$15.0M · 0.29%
Earthlink, LLC GA$12.7M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261535699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.