Plan Ledger DOL Form 5500 · updated monthly

Team One Contract Services401(k)

TEAM ONE CONTRACT SERVICES 401(K) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Team One Contract Services reported $53,009 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $562 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 rose from 0.03% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Georgia (1,389th of 2,160), and the 1,152nd of 2,534 in administrative & support services. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 737 to 1,017 since 2022.

Plan summary
Net assets, end of year$7,862,511
Participants with balances258
Active participants1,017
Employer contributions$571,671
Employee contributions$933,980
Employer contribution per active participant$562
Average account balance$30,475
Benefits paid to participants$1,480,361
Plan auditUnmodified (clean) audit opinion
AuditorRESJ
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 258 accts · $572K emplr
2023$7.0M · 244 accts · $328K emplr
2022$5.9M · 243 accts · $130K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,374
Investment management$18,635
Total administrative$53,009
The Team One Contract Services 401(k) match · 2024
Employer contribution per active participant$562
Median for plans this size$1,313
2024$562 per active participant
2023$459 per active participant
2022$176 per active participant

Team One Contract Services's 2024 employer contribution ran below the $1,313 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,374
MMA SECURITIES · Investment advisory (plan)$18,635
RAYMOND JAMES & ASSOCIATES INCindirect 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$53,009 · 0.71%
2023$3,506 · 0.05%
2022$1,713 · 0.03%
Same employer
Similar plansAdministrative & Support Services · Georgia
Relatient, Inc. GA$8.3M · 1.28%
Synergis GA$7.8M · 0.91%
Cortech, LLC GA$7.3M · 2.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200059104 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.