Plan Snapshot
- Plan Sponsor: Telephone Electronics Corporation
- Sponsor EIN: 640527889
- Sponsor Address: POST OFFICE BOX 22923, JACKSON, MS, 392252923
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $21.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 215 | $21.9M | $413,603 | $754,912 |
| 2023 | 183 | $21.6M | $375,648 | $664,138 |
| 2022 | 165 | $19.1M | $372,995 | $653,696 |
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 |
|---|---|---|---|---|
| WOODARD & ASSOCIATES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $56,603 | $51,743 | — | — | — |
| 2023 | $53,165 | $48,869 | — | — | — |
| 2022 | $57,393 | — | — | — | — |