Retirement plan

TELARUS 401(K) PROFIT SHARING PLAN

Name: TELARUS, LLC - TELARUS 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: TELARUS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TELARUS 401(K) PROFIT SHARING PLAN, TELARUS, LLC

TELARUS, LLCEIN 46-0490810Plan #001PY 2022

45 W. SEGO LILY DR., SUITE 220 - SANDY, UT 84070801-523-2100telarus.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow returnsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+9.5% from 2021

Total participants

411

+38.4% from 2021

Average account balance

$20,990

-16.7% from 2021

Annual return

-20.67%

-43.77 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.28M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$37K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

439

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+27.27%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GATE KEY FINANCIAL2 years Service code 99 · EIN 84-2844531	Other Fees	$0
NATIONAL BENEFIT SERVICES, LLC2 years Filed as: NATIONAL BENEFIT SERVICES Service code 49 · EIN 71-0294708	Other Services	$0

Plan features & details

Pension benefit codes2J2K2E3D2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VELEZ & HARDY, LLC
Auditor EIN: 884079401
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,990

$82,163-74.5%

$125,381-83.3%

$64,819-67.6%

Participation rate

83.6%

77.9%+5.7pp

82.4%+1.2pp

71.5%+12.2pp

Annual return

-20.67%

3.49%-24.2pp

572.31%-593.0pp

32.84%-53.5pp

Employer contribution / active EE

$1,957

$3,616-45.9%

$4,815-59.4%

$2,507-21.9%

Participant deferral / active EE

$5,400

$7,175-24.7%

$7,448-27.5%

$4,311+25.3%

Admin fee / account holder

$163-100.0%

$10,007-100.0%

$188-100.0%

Provider

Service type

Compensation

GATE KEY FINANCIAL2 years

Service code 99 · EIN 84-2844531

Other Fees

NATIONAL BENEFIT SERVICES, LLC2 years

Filed as: NATIONAL BENEFIT SERVICES

Service code 49 · EIN 71-0294708

Other Services

TELARUS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TELARUS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion