Plan Snapshot
- Plan Sponsor: Teamworld, INC.
- Sponsor EIN: 141659859
- Sponsor Address: 498 CONKLIN AVE., BINGHAMTON, NY, 13903
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $4.9M
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 | 133 | $4.9M | $239,823 | $510,843 |
| 2023 | 122 | $3.9M | $238,178 | $506,174 |
| 2022 | 150 | $3.0M | $219,006 | $486,877 |
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 |
|---|---|---|---|---|
| JOHNSON, LAUDER & SAVIDGE, LLP | ACCOUNTANT/AUDITOR | $13,000 | — | $13,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $11,878 | — | $11,878 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON, LAUDER & SAVIDGE, LLP — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,878
- Estimated Expense Ratio: 0.510% 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 | $25,651 | $773 | — | $13,000 | — |
| 2023 | $3,240 | $890 | — | — | — |
| 2022 | $2,635 | $579 | — | — | — |