Plan Ledger DOL Form 5500 · updated monthly

Team Industries, Inc.401(k)

TEAM INDUSTRIES, INC. RETIREMENT SAVINGS PLAN · KAUKAUNA, WI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Team Industries, Inc. reported $91,186 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $7,410 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 0.28% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 487th-largest of 1,936 plans among Wisconsin employers on file, and the 3,645th of 13,661 in manufacturing. In 2024, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,491,922
Participants with balances154
Active participants117
Employer contributions$867,000
Employee contributions$869,656
Employer contribution per active participant$7,410
Average account balance$262,935
Benefits paid to participants$868,391
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.5M · 154 accts · $867K emplr
2023$35.7M · 157 accts · $703K emplr
2022$29.3M · 149 accts · $650K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,186
Total administrative$91,186
The Team Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$7,410
Median for plans this size$2,416
2024$7,410 per active participant
2023$6,167 per active participant
2022$6,021 per active participant

Team Industries, Inc.'s 2024 employer contribution ran above the $2,416 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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$93,256
PRINCIPAL SECURITIES INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$91,186 · 0.24%
2023$87,093 · 0.27%
2022$76,676 · 0.28%
Same employer
Similar plansManufacturing · Wisconsin
Sti Holdings, Inc. WI$41.8M · 0.45%
Sartori Company WI$40.7M · 0.31%
Sterling Products, Inc. WI$40.7M · 0.37%
Fisher-Barton Inc. WI$40.0M · 0.45%
Sussex Im, Inc. WI$39.5M · 0.17%
Merrill Iron & Steel, Inc. WI$39.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391590479 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.