Team Beans LLC 401(K) Profit Sharing Plan — Form 5500 plan (Team Beans LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Team Beans LLC 401(K) Profit Sharing Plan is a benefit plan reported by Team Beans LLC under EIN 22-3653251 and plan number 001. The latest loaded filing year is 2023. The filing reports 171 participants and $8,386,256 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Team Beans LLC
- EIN
- 22-3653251
- Plan number
- 001
- Plan type
- 2
- Location
- Piscataway, NJ
- Latest filing year
- 2023
- Participants
- 171
- End-of-year plan assets
- $8,386,256
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 171 | H, C | 20241013094026NAL0042117184001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,386,256
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,386,256
- Net assets (BOY)
- $6,956,362
Income & contributions
- Employer contributions
- $184,938
- Participant contributions
- $733,778
- Total contributions
- $924,800
- Total income / additions
- $2,056,883
Expenses & distributions
- Benefits paid
- $603,460
- Administrative expenses
- $22,189
- Total expenses
- $626,989
- Net increase / (decrease)
- $1,429,894
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fiduciary Plan Partners, LLC | INVESTMENT/FINANCIAL ADVI | $18,025 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $4,162 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |