Telamon Corporation 401(k) Review & Grade
Telamon Corporation 401(k) Plan
Carmel, INManufacturing518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,349Employer $ per active participant
$5,754Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$47.4MNet plan assets, end of year
$93,426Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 44th |
| Employee saving | 61th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Telamon put in about $2,349 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,216,900 |
| Participant (employee) contributions | $2,980,550 |
| Other contributions (incl. rollovers in) | $418,520 |
| Administrative expenses paid from the plan | $120,787 |
| Contract administrator fees | $120,787 |
| Benefits paid out | $5,063,907 |
| Net assets, start / end of year | $41.9M / $47.4M |
| Active participants, start / end of year | 523 / 513 |
| Participants with account balances | 507 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $120,787 reported compensation |
| MJ Retirement | $35,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728101205NAL0002693056001, received 2025-07-28, EIN 35-1493826, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.