Plan Snapshot
- Plan Sponsor: Team Industries Holding Corporation
- Sponsor EIN: 411760698
- Sponsor Address: 105 PARK AVE NW, BAGLEY, MN, 56621
- Plan Type: 401(k)
- Total Participants: 951
- Total Assets: $102.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 951 | $102.3M | $2.2M | $4.3M |
| 2023 | 1,021 | $94.5M | $2.5M | $4.7M |
| 2022 | 1,022 | $82.4M | $2.4M | $4.5M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $129,588 | — | $129,588 |
| PRIME CAPITAL INVESTMENT ADVISORS | CONSULTANT | $53,839 | — | $53,839 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,193 | — | $19,193 |
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- REDPATH AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,620
- Estimated Expense Ratio: 0.198% 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 |
|---|---|---|---|---|---|
| 2024 | $202,620 | $53,839 | — | — | — |
| 2023 | $264,543 | $65,029 | — | — | — |
| 2022 | $253,591 | $65,713 | — | — | — |