Plan Snapshot
- Plan Sponsor: Telaid Industries, INC.
- Sponsor EIN: 061096415
- Sponsor Address: 13 WEST MAIN ST., NIANTIC, CT, 06357
- Plan Type: 401(k)
- Total Participants: 466
- Total Assets: $20.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 466 | $20.6M | $666,171 | $2.0M |
| 2023 | 427 | $16.2M | $534,654 | $1.6M |
| 2022 | 377 | $14.5M | $397,392 | $1.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| USI ADVISORS,INC | SERVICE PROVIDER | — | $23,875 | $23,875 |
| PENSION CONSULTANTS, INC | SERVICE PROVIDER | $7,500 | — | $7,500 |
| COHNREZNICK | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION CONSULTANTS, INC — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,375
- Estimated Expense Ratio: 0.153% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $36,065 | — | $36,065 | — | — |
| 2023 | $34,041 | — | — | — | — |
| 2022 | $34,570 | — | — | — | $34,570 |