Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Telco Systems, Inc. Savings Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Telco Systems Inc. · Massachusetts · Manufacturing

What the 2023 filing shows

Telco Systems, Inc. Savings Plan holds $10M for 21 participants — about $453,057 per participant, down 27.7% over the 2022 plan year.

$10M
total plan assets (2022 EOY)
21
covered participants
$453,057
avg assets per participant
-27.7%
assets change YoY

The plan reported a net loss of $4M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$10M
Participants
21
Industry
Manufacturing

What the Filing Says About Telco Systems, Inc. Savings Plan

Telco Systems, Inc. Savings Plan is a Profit Sharing retirement plan sponsored by Telco Systems Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 21 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 582425520, and the plan has been effective since 1985-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $13M at the beginning of 2022 to $10M at year-end — a decline of 27.7%. Net assets (after liabilities) closed the year at $10M, with reported net income of $-3,652,594 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$13M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$-3,652,594
Plan TypeProfit Sharing
Employer EIN582425520
Plan Effective Date1985-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Telco Systems Inc.)

Year Plans Participants Total Assets
2022 1 21 $10M
2023 1 20 N/A
2024 1 18 N/A

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Telco Systems, Inc. Savings Plan?
As of the 2022 Form 5500 filing, Telco Systems, Inc. Savings Plan holds $10M in total assets with 21 participants. It is sponsored by Telco Systems Inc..
What type of plan is Telco Systems, Inc. Savings Plan?
Telco Systems, Inc. Savings Plan is a Profit Sharing plan. It has been effective since 1985-06-01. The plan is filed with the U.S. Department of Labor under EIN 582425520.
Who sponsors the Telco Systems, Inc. Savings Plan?
Telco Systems, Inc. Savings Plan is sponsored by Telco Systems Inc., located in Massachusetts. The sponsor's EIN is 582425520 and the plan operates in the Manufacturing industry.
How did Telco Systems, Inc. Savings Plan perform in 2022?
Telco Systems, Inc. Savings Plan declined by 27.7% during 2022, moving from $13M to $10M in total assets. Net income was $-3,652,594.
Where can I find official filings for Telco Systems, Inc. Savings Plan?
Official Form 5500 filings for Telco Systems, Inc. Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 582425520 or plan name at efast.dol.gov.
How does Telco Systems, Inc. Savings Plan compare to other plans?
You can compare Telco Systems, Inc. Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 582425520.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.