Team Industrial Services, Inc.401(k)
TEAM SOLUTIONS 401(K) PLAN · TAYLOR, MI · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Team Industrial Services, Inc. reported $29,102 in plan administrative expenses for 2022: 1.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,602 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 1 year on file its reported administrative ratio rose from 1.66% to 2.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Michigan (2,429th of 2,619), and 2,049th of 2,534 in administrative & support services. In 2022, employees put in $1.73 for every $1.00 the employer contributed.
Team Industrial Services, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 341475279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.