Plan5500

Team Industries 401(K) Plan — Form 5500 plan (Team Industries, Inc.)

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 Industries 401(K) Plan is a benefit plan reported by Team Industries, Inc. under EIN 41-1760698 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,282 participants and $94,539,641 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$94.5MPlan net assets, end of year$94,539,641
Participants1.3KCovered participants reported1,282
Assets / participant$73.7KComputed: assets ÷ participants$73,744 (computed)
Provider compensation$264.5K4 Schedule C provider row(s)$264,543
Plan sponsor
Team Industries, Inc.
EIN
41-1760698
Plan number
001
Plan type
2
Location
Bagley, MN
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    1,282 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$94.5M total assets
Net assets$94.5MLiabilities—
Money in vs. money out
Total income / additions$20.7M
Total expenses$8.7M
Benefits paid / distributions$8.4M
Contributions
Employer$2.5M
Participant$4.7M
Full reported line items

Net assets

Total assets (EOY)
$94,539,641
Net assets (EOY)
$94,539,641
Net assets (BOY)
$82,449,826

Income & contributions

Employer contributions
$2,480,130
Participant contributions
$4,706,911
Total contributions
$7,984,216
Total income / additions
$20,749,501

Expenses & distributions

Benefits paid
$8,391,966
Administrative expenses
$264,543
Total expenses
$8,659,686
Net increase / (decrease)
$12,089,815
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 35%Participant 65%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income40%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Transamerica Retirement Solutions$199.5K
    RECORDKEEPER · Direct $199.5K · Indirect $0
  2. 2
    Prime Capital Investment Advisors,$65K
    CONSULTANT · Direct $65K
  3. 3
    Charles Schwab & Co., Inc.$8
    SECURITIES BROKER · Direct $8 · Indirect $0
  4. 4
    National Financial Services$0
    SECURITIES BROKER · Direct $0 · Indirect $0

Related Form 5500 pages