Teledyne Technologies Incorporated 401(k) Review & Grade
Teledyne Technologies Incorporated 401(k) Plan
Thousand Oaks, CAManufacturing8,754 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,576Employer $ per active participant
$9,072Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$176,090Average balance per account
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 85th |
| Employee saving | 75th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($107 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,668 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Teledyne Technologies Incorporated put in about $2,576 per active participant, below the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $22,555,067 |
| Participant (employee) contributions | $79,419,845 |
| Other contributions (incl. rollovers in) | $10,280,068 |
| Administrative expenses paid from the plan | $751,631 |
| Investment advisory & management fees | $399,096 |
| Other admin expenses | $45,000 |
| Benefits paid out | $193,660,964 |
| Net assets, start / end of year | $1.9B / $2.1B |
| Active participants, start / end of year | 8,893 / 8,616 |
| Participants with account balances | 11,840 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $93,372,364 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $399,096 reported compensation |
| Fidelity Investments Institutional | $307,535 reported compensation |
| Deloitte & Touche LLP | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718185504NAL0003240288001, received 2025-07-18, EIN 25-1843385, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.