Telapex, Inc. 401(k) Review & Grade
Telapex, Inc. Savings Plan
Ridgeland, MSInformation1,954 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,836Employer $ per active participant
$4,659Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$197.4MNet plan assets, end of year
$87,795Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost12.9 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 52th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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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
- Telapex put in about $3,836 per active participant, more than the typical peer ($2,829). 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.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,497,900 |
| Participant (employee) contributions | $9,105,128 |
| Other contributions (incl. rollovers in) | $1,471,926 |
| Administrative expenses paid from the plan | $402,137 |
| Investment advisory & management fees | $135,165 |
| Benefits paid out | $16,759,696 |
| Net assets, start / end of year | $175.3M / $197.4M |
| Active participants, start / end of year | 1,957 / 1,952 |
| Participants with account balances | 2,248 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvismazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $275,777 reported compensation |
| Empower Advisory Group, LLC | $124,771 reported compensation |
| Empower Financial Services, Inc. | $10,394 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925114230NAL0012090978001, received 2025-09-25, EIN 64-0748803, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.