Plan Snapshot
- Plan Sponsor: Team, INC.
- Sponsor EIN: 741765729
- Sponsor Address: 13131 DAIRY ASHFORD, SUGAR LAND, TX, 77478
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 5,693
- Total Assets: $399.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 5,693 | $399.5M | $0 | $0 |
| 2024 | 3,219 | $357.2M | $6.0M | $23.2M |
| 2023 | 4,036 | $324.1M | $7.2M | $22.7M |
| 2022 | 3,351 | $280.0M | $3.3M | $24.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MORGANSTANLEYSMITHBARNEYLLC | Investment Advisor | $355,656 | — | $355,656 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $234,694 | — | $234,694 |
| MELTON & MELTON | Auditor | $47,000 | — | $47,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $637,350
- Estimated Expense Ratio: 0.160% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $53,902,050 | — | $3,000 | $47,000 | — |
| 2024 | $100,101 | — | $2,700 | $45,000 | — |
| 2023 | $166,990 | — | $1,500 | $31,853 | — |
| 2022 | $209,966 | — | — | — | — |