Plan Ledger DOL Form 5500 · updated monthly

Team Services, LLC401(k)

TEAM SERVICES, LLC 401(K) P/S PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Team Services, LLC reported $19,902 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $1,916 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 0.44% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Louisiana (655th of 884), and 10,220th of 11,654 in professional & technical services. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,873,795
Participants with balances129
Active participants107
Employer contributions$204,986
Employee contributions$334,853
Employer contribution per active participant$1,916
Average account balance$30,029
Benefits paid to participants$703,760
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 129 accts · $205K emplr
2023$3.7M · 115 accts · $207K emplr
2022$3.2M · 109 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,902
Total administrative$19,902
The Team Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,916
Median for plans this size$1,313
2024$1,916 per active participant
2023$1,697 per active participant
2022$1,640 per active participant

Team Services, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20241
VALIC · Investment advisory (participants) · 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$19,902 · 0.52%
2023$13,461 · 0.39%
2022$15,937 · 0.44%
Similar plansProfessional & Technical Services · Louisiana
Advisewell, Inc. LA$4.6M · 0.60%
Doyle Land Services, Inc. LA$3.8M · 0.09%
Chimp Haven, Inc. LA$3.7M · 0.33%
Medkoder, LLC LA$3.6M · 1.03%
Ballard Brands, LLC LA$3.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260706474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.