Telamon Corporation 401(k) Review & Grade
Telamon Corporation Tax Sheltered Retirement Plan
Raleigh, NCHealth Care & Social Assistance607 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,565Employer $ per active participant
$1,142Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$27.5MNet plan assets, end of year
$23,657Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 17th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Telamon put in about $5,565 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.61% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $3,378,185 |
| Participant (employee) contributions | $693,335 |
| Other contributions (incl. rollovers in) | $32,368 |
| Administrative expenses paid from the plan | $159,324 |
| Benefits paid out | $4,477,436 |
| Net assets, start / end of year | $24.7M / $27.5M |
| Active participants, start / end of year | 651 / 563 |
| Participants with account balances | 1,162 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdg-Cpas |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $159,324 reported compensation |
| Cetera Advisors LLC | $45,881 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729094637NAL0007017954001, received 2025-07-29, EIN 56-1022483, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.