Telnet Worldwide, Inc. 401(K) Plan — Form 5500 plan (Telnet Worldwide, Inc.)

Plain-English plan 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, Telnet Worldwide, Inc. 401(K) Plan is a benefit plan reported by Telnet Worldwide, Inc. under EIN 38-3439822 and plan number 001. The latest loaded filing year is 2023. The filing reports 138 participants and $3,646,787 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.6MPlan net assets, end of year$3,646,787
Participants138Covered participants reported
Assets / participant$26.4KComputed: assets ÷ participants$26,426 (computed)
Provider compensation$54.4K2 Schedule C provider row(s)$54,373
Plan sponsor
Telnet Worldwide, Inc.
EIN
38-3439822
Plan number
001
Plan type
2
Location
Madison Heights, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023138H, C20241010124629NAL0020091761001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.6M total assets
Net assets$3.6MLiabilities$0
Money in vs. money out
Total income / additions$1.2M
Total expenses$757.4K
Benefits paid / distributions$703K
Contributions
Employer$277.1K
Participant$309.2K
Full reported line items

Net assets

Total assets (EOY)
$3,646,787
Total liabilities (EOY)
$0
Net assets (EOY)
$3,646,787
Net assets (BOY)
$3,185,599

Income & contributions

Employer contributions
$277,070
Participant contributions
$309,156
Total contributions
$589,927
Total income / additions
$1,218,603

Expenses & distributions

Benefits paid
$703,042
Administrative expenses
$54,373
Total expenses
$757,415
Net increase / (decrease)
$461,188
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 47%Participant 53%
Total expenses ÷ net assets21%Computed ratio
Benefits paid ÷ total income58%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Pcs Retirement, LLCCONTRACT ADMINISTRATOR$35,071not reported in the loaded dataset2023
Greystone Financial Group, LLCINVESTMENT MANAGER$19,302not reported in the loaded dataset2023

Related Form 5500 pages