Plan Snapshot
- Plan Sponsor: Telrite Holdings, INC.
- Sponsor EIN: 261535699
- Sponsor Address: 111000 ALCOVY ROAD, COVINGTON, GA, 30014
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $14.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 340 | $14.7M | $334,035 | $659,601 |
| 2023 | 481 | $14.2M | $315,319 | $653,060 |
| 2022 | 405 | $11.5M | $287,426 | $593,817 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $69,433 | — | $69,433 |
| ORENDA RETIREMENT LLC | CONTRACT ADMINISTRATOR | $24,690 | $32,170 | $56,860 |
| SMITH AND HOWARD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,293
- Estimated Expense Ratio: 0.857% 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 | $94,117 | — | $94,117 | — | — |
| 2023 | $78,252 | — | $78,252 | — | — |
| 2022 | $81,857 | — | $81,857 | — | — |