The problem is
<add name="RadCompression" type="Telerik.Web.UI.RadCompression"/>
If I add that I get the error.
Here is my current web.config file
<?xml version="1.0"?>
<configuration>
<connectionStrings/>
<appSettings/>
<location path="." inheritInChildApplications="false">
<system.web>
<compilation debug="true" targetFramework="4.0">
<assemblies>
<add assembly="System.Design, Version=4.0.0.0, Culture=neutral, PublicKeyToken=B03F5F7F11D50A3A"/>
<add assembly="System.Windows.Forms, Version=4.0.0.0, Culture=neutral, PublicKeyToken=B77A5C561934E089"/>
<add assembly="System.Speech, Version=4.0.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
</assemblies>
</compilation>
<customErrors mode="RemoteOnly" defaultRedirect="~/ErrorPages/Oops.aspx" >
<error statusCode="404" redirect="~/ErrorPages/404Error.aspx" />
</customErrors>
<authentication mode="Forms">
<forms loginUrl="~/Default.aspx" timeout="2880"/>
</authentication>
<httpHandlers>
<add path="ChartImage.axd" type="Telerik.Web.UI.ChartHttpHandler" verb="*" validate="false"/>
<add path="Telerik.Web.UI.SpellCheckHandler.axd" type="Telerik.Web.UI.SpellCheckHandler" verb="*" validate="false"/>
<add path="Telerik.Web.UI.DialogHandler.aspx" type="Telerik.Web.UI.DialogHandler" verb="*" validate="false"/>
<add path="Telerik.RadUploadProgressHandler.ashx" type="Telerik.Web.UI.RadUploadProgressHandler" verb="*" validate="false"/>
<add path="Telerik.Web.UI.WebResource.axd" type="Telerik.Web.UI.WebResource" verb="*" validate="false"/>
</httpHandlers>
<httpModules>
<add name="RadUploadModule" type="Telerik.Web.UI.RadUploadHttpModule, Telerik.Web.UI"/>
</httpModules>
<pages>
<controls>
<add tagPrefix="telerik" namespace="Telerik.Web.UI" assembly="Telerik.Web.UI"/>
</controls>
</pages>
</system.web>
</location>
<system.webServer>
<modules runAllManagedModulesForAllRequests="true">
<remove name="RadUploadModule"/>
<remove name="RadCompression"/>
<add name="RadUploadModule" type="Telerik.Web.UI.RadUploadHttpModule" preCondition="integratedMode"/>
<add name="RadCompression" type="Telerik.Web.UI.RadCompression" preCondition="integratedMode"/>
</modules>
<validation validateIntegratedModeConfiguration="false"/>
<handlers>
<remove name="ChartImage_axd"/>
<remove name="Telerik_Web_UI_SpellCheckHandler_axd"/>
<remove name="Telerik_Web_UI_DialogHandler_aspx"/>
<remove name="Telerik_RadUploadProgressHandler_ashx"/>
<remove name="Telerik_Web_UI_WebResource_axd"/>
<add name="ChartImage_axd" path="ChartImage.axd" type="Telerik.Web.UI.ChartHttpHandler" verb="*" preCondition="integratedMode"/>
<add name="Telerik_Web_UI_SpellCheckHandler_axd" path="Telerik.Web.UI.SpellCheckHandler.axd" type="Telerik.Web.UI.SpellCheckHandler" verb="*" preCondition="integratedMode"/>
<add name="Telerik_Web_UI_DialogHandler_aspx" path="Telerik.Web.UI.DialogHandler.aspx" type="Telerik.Web.UI.DialogHandler" verb="*" preCondition="integratedMode"/>
<add name="Telerik_RadUploadProgressHandler_ashx" path="Telerik.RadUploadProgressHandler.ashx" type="Telerik.Web.UI.RadUploadProgressHandler" verb="*" preCondition="integratedMode"/>
<add name="Telerik_Web_UI_WebResource_axd" verb="*" preCondition="integratedMode" path="Telerik.Web.UI.WebResource.axd" type="Telerik.Web.UI.WebResource"/>
</handlers>
<security>
<requestFiltering>
<requestLimits maxAllowedContentLength="55394304"/>
</requestFiltering>
</security>
</system.webServer>
</configuration>