Tellepsen Corporation 401(k) Review & Grade
Tellepsen Corporation 401(k) & Retirement Plan
Houston, TXConstruction1,330 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,060Employer $ per active participant
$1,450Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$54.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 90th |
| Employee saving | 13th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($250 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tellepsen put in about $1,060 per active participant, below the typical peer ($1,672). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,409,952 |
| Participant (employee) contributions | $1,928,680 |
| Other contributions (incl. rollovers in) | $196,314 |
| Administrative expenses paid from the plan | $23,049 |
| Investment advisory & management fees | $20,400 |
| Benefits paid out | $7,850,172 |
| Net assets, start / end of year | $55.8M / $54.3M |
| Active participants, start / end of year | 2,027 / 633 |
| Participants with account balances | 434 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton |
Largest service providers (Schedule C)
| Marcado Asset Management LLC | $20,400 reported compensation |
| Jpmorgan Invest Holdings LLC | $2,649 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911095247NAL0000913154001, received 2025-09-11, EIN 74-1898187, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.