Plan Snapshot
- Plan Sponsor: Tele-Optics, INC.
- Sponsor EIN: 621281655
- Sponsor Address: 1041 TIDEWATER CT., KINGSPORT, TN, 376605482
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 141 | $4.0M | $31,062 | $162,054 |
| 2023 | 137 | $3.6M | $27,273 | $143,967 |
| 2022 | 118 | $3.5M | $28,216 | $154,712 |
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 | Recordkeeper | $19,016 | — | $19,016 |
| SOUTH-WEST INS AGENCY INC | Investment Advisor | $9,417 | — | $9,417 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,433
- Estimated Expense Ratio: 0.706% 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 | $28,433 | $9,417 | — | — | — |
| 2023 | $24,718 | $8,227 | — | — | — |
| 2022 | $22,026 | — | $22,026 | — | — |