Plan Snapshot
- Plan Sponsor: Telapex, INC.
- Sponsor EIN: 640748803
- Sponsor Address: 1018 HIGHLAND COLONY PARKWAY, RIDGELAND, MS, 39157
- Plan Type: 401(k)
- Total Participants: 1,952
- Total Assets: $197.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,952 | $197.4M | $7.5M | $9.1M |
| 2023 | 1,938 | $175.3M | $7.2M | $8.9M |
| 2022 | 1,948 | $148.5M | $6.5M | $8.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $275,777 | — | $275,777 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $124,771 | — | $124,771 |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | $10,394 | — | $10,394 |
| FORVISMAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVISMAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $410,942
- Estimated Expense Ratio: 0.208% 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 | $402,137 | $135,165 | — | — | — |
| 2023 | $337,419 | $108,051 | — | — | — |
| 2022 | $333,063 | $117,629 | $214,834 | — | $600 |