# Teamworks Business Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/teamworks-business-services-llc-401k-plan

> Teamworks Business Services, LLC's 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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](https://planprovider.pro/provider/squire-and-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|

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