Plan Ledger DOL Form 5500 · updated monthly

Team, Inc.401(k)

TEAM, INC. SALARY DEFERRAL PLAN AND TRUST · SUGAR LAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Team, Inc. reported $100,101 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,869 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.07% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 261st-largest of 5,688 plans among Texas employers on file, and the 106th of 786 in management of companies. In 2024, employees put in $3.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$357,238,371
Participants with balances5,597
Active participants3,219
Employer contributions$6,017,838
Employee contributions$23,209,405
Employer contribution per active participant$1,869
Average account balance$63,827
Benefits paid to participants$45,440,475
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$357.2M · 5,597 accts · $6.0M emplr
2023$324.1M · 5,262 accts · $7.2M emplr
2022$279.9M · 5,465 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$45,000
Total administrative$100,101
The Team, Inc. 401(k) match · 2024
Employer contribution per active participant$1,869
Median for plans this size$4,294
2024$1,869 per active participant
2023$1,790 per active participant
2022$978 per active participant

Team, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MORGANSTANLEYSMITHBARNEYLLC · Investment advisory (participants)$332,632
MELTON & MELTON · Accounting / audit$45,000
BARTON LAW OFFICE'S · Legal$6,911
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$100,101 · 0.03%
2023$166,990 · 0.06%
2022$209,966 · 0.07%
Same employer
Similar plansManagement of Companies · Texas
Thryv Holdings Inc. TX$840.6M · 0.07%
Hilltop Holdings Inc. TX$809.7M · 0.06%
Rackspace, US Inc. TX$404.8M · 0.06%
Contran Corporation TX$293.3M · 0.02%
Globe Life Inc. TX$293.2M · 0.06%
Warren Equipment Company TX$238.6M · 0.17%
Southwestern Energy Company TX$208.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741765729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.