Teleflex Incorporated 401(k) Review & Grade
Teleflex 401(k) Savings Plan
Wayne, PAManufacturing3,838 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,667Employer $ per active participant
$9,033Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$699.0MNet plan assets, end of year
$124,843Average balance per account
Score breakdown
- Employer generosity33.2 / 5066th percentile for employer $ per participant
- Low cost16.0 / 2564th 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-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 64th |
| Employee saving | 75th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,083 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Teleflex Incorporated put in about $4,667 per active participant, more than the typical peer ($3,452). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $17,908,894 |
| Participant (employee) contributions | $34,663,703 |
| Other contributions (incl. rollovers in) | $10,435,822 |
| Administrative expenses paid from the plan | $527,278 |
| Contract administrator fees | $20,000 |
| Investment advisory & management fees | $159,949 |
| Benefits paid out | $86,087,996 |
| Net assets, start / end of year | $615.4M / $699.0M |
| Active participants, start / end of year | 3,885 / 3,790 |
| Participants with account balances | 5,599 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo Usa,p.c |
| Employer stock held by plan | $33,639,899 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $396,988 reported compensation |
| Ubs Financial Services, Inc. | $90,000 reported compensation |
| Bdo USA LLP | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627125445NAL0009807377006, received 2025-06-27, EIN 23-1147939, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.