Plan Snapshot
- Plan Sponsor: Team Technologies, INC.
- Sponsor EIN: 461500429
- Sponsor Address: 5949 COMMERCE BLVD, MORRISTOWN, TN, 37814
- Plan Type: 401(k)
- Total Participants: 619
- Total Assets: $30.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 619 | $30.3M | $1.0M | $1.9M |
| 2023 | 686 | $24.5M | $1.1M | $2.0M |
| 2022 | 754 | $22.6M | $925,422 | $1.6M |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP, INC. | RECORDKEEPER | $47,684 | — | $47,684 |
| CHARLES SCHWAB TRUST BANK | NONE | $35,263 | — | $35,263 |
| CRAINE, THOMPSON & JONES P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,947
- Estimated Expense Ratio: 0.274% 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 | $82,947 | $35,263 | — | — | — |
| 2023 | $82,740 | $35,000 | $35,170 | — | — |
| 2022 | $43,234 | $17,500 | $25,734 | — | — |