Plan Ledger DOL Form 5500 · updated monthly

Team Quality Services, Inc.401(k)

TEAM QUALITY SERVICES, INC. 401(K) PLAN · AUBURN, IN · plan year 2022

Employer contribution per participant · 2022
$485

Team Quality Services, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,714,115 across 58 participant accounts, with employer contributions averaging $485 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Indiana (1,428th of 1,562), and 10,982nd of 11,654 in professional & technical services. In 2022, employees put in $4.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,714,115
Participants with balances58
Active participants128
Employer contributions$62,112
Employee contributions$252,639
Employer contribution per active participant$485
Average account balance$29,554
Benefits paid to participants$23,626
Plan auditDisclaimer of opinion
AuditorFORVIS, LLC
The Team Quality Services, Inc. 401(k) match · 2022
Employer contribution per active participant$485
Median for plans this size$1,114

Team Quality Services, Inc.'s 2022 employer contribution ran below the $1,114 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.

Same employer
Similar plansProfessional & Technical Services · Indiana
Tko Enterprises, Inc. IN$3.7M · 0.66%
Cik Enterprises, LLC IN$3.5M · 1.19%
Gentech Associates, Inc. IN$2.3M · 1.04%
Engaging Solutions, LLC IN$1.7M · 1.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352064256 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.