Plan Snapshot
- Plan Sponsor: Teamworks Business Services, LLC
- Sponsor EIN: 870567952
- Sponsor Address: 4692 N 300 W, PROVO, UT, 846047711
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $300,034 | $688,765 |
| 2023 | 162 | $5.2M | $236,875 | $702,440 |
| 2022 | 194 | $3.8M | $178,528 | $574,844 |
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 |
|---|---|---|---|---|
| SQUIRE & COMPANY, PC | Auditor | $1,584 | — | $1,584 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SQUIRE & COMPANY, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,584
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 | $83,830 | $7,595 | $74,651 | $1,584 | — |
| 2023 | $55,673 | $3,293 | $39,215 | — | — |
| 2022 | $75,259 | $1,604 | $72,370 | — | $1,285 |