2023 Form 5500 filing — Telnet Worldwide, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010124629NAL0020091761001) for Telnet Worldwide, Inc. 401(K) Plan, reported by Telnet Worldwide, Inc. under EIN 38-3439822 and plan number 001. It reports 138 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$3.6MReported net assets$3,646,787
Participants138
Provider compensation$54.4K2 Schedule C row(s)$54,373
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241010124629NAL0020091761001
- Plan sponsor
- Telnet Worldwide, Inc.
- EIN
- 38-3439822
- Plan number
- 001
- Location
- Madison Heights, MI
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$3.6M total assets
Net assets$3.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $3,646,787
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,646,787
- Employer contributions
- $277,070
- Participant contributions
- $309,156
- Total income / additions
- $1,218,603
- Benefits paid
- $703,042
- Administrative expenses
- $54,373
- Total expenses
- $757,415
- Net increase / (decrease)
- $461,188
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pcs Retirement, LLC | CONTRACT ADMINISTRATOR | $35,071 | not reported in the loaded dataset |
| Greystone Financial Group, LLC | INVESTMENT MANAGER | $19,302 | not reported in the loaded dataset |