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
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 138 | H, C | 20241010124629NAL0020091761001 |
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
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.
47%53%
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)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pcs Retirement, LLC | CONTRACT ADMINISTRATOR | $35,071 | not reported in the loaded dataset | 2023 |
| Greystone Financial Group, LLC | INVESTMENT MANAGER | $19,302 | not reported in the loaded dataset | 2023 |