Granite Telecommunications, LLC 401(k) Review & Grade
Granite Telecommunications 401(k) Plan
Quincy, MAInformation2,124 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,213Employer $ per active participant
$6,512Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$198.4MNet plan assets, end of year
$85,098Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 58th |
| Employee saving | 34th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($160,403 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Granite Telecommunications put in about $2,213 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,700,806 |
| Participant (employee) contributions | $13,832,453 |
| Other contributions (incl. rollovers in) | $419,689 |
| Administrative expenses paid from the plan | $324,549 |
| Investment advisory & management fees | $109,463 |
| Benefits paid out | $14,395,833 |
| Net assets, start / end of year | $166.8M / $198.4M |
| Active participants, start / end of year | 2,269 / 1,979 |
| Participants with account balances | 2,331 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $143,336 reported compensation |
| Morgan Stanley | $109,463 reported compensation |
| Deloitte & Touche LLP | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929132012NAL0015248035001, received 2025-09-29, EIN 04-3643290, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.