Retirement plan

TEAM SOLUTIONS 401(K) PLAN

Name: TEAM INDUSTRIAL SERVICES, INC. - TEAM SOLUTIONS 401(K) PLAN (2020) Form 5500
Creator: TEAM INDUSTRIAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAM SOLUTIONS 401(K) PLAN, TEAM INDUSTRIAL SERVICES, INC.

TEAM INDUSTRIAL SERVICES, INC.EIN 34-1475279Plan #005PY 2020

12640 DELTA STREET - TAYLOR, MI 48180734-946-5900

Other plans on this EIN

1 filing

#001Retirement-$103K assets

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$1.7M

+24.2% from 2019

Total participants

291

+14.1% from 2019

Average account balance

$9,003

+15.8% from 2019

Annual return

13.78%

-4.98 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$462K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$14K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

152.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$861

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6164

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC3 years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 17 655 BEAVER CREEK CIRCLE · MAUMEE, OH 43537	Pension Consulting	$7,298
CGRPS2 years Service code 15 333 S HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping	$3,815
PENSION ASSURANCE LLP6+ years Filed as: PENSION INNOVATIONS & CONSULTING Service code 10 · EIN 34-1944384 7558 KING'S POINTE ROAD · TOLEDO, OH 43617	Accounting	$3,376

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$56 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.834%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,003

$39,948-77.5%

$89,435-89.9%

$73,412-87.7%

Participation rate

62.2%

50.4%+11.7pp

68.0%-5.8pp

72.2%-10.0pp

Annual return

13.78%

50.12%-36.3pp

245.55%-231.8pp

59.30%-45.5pp

Employer contribution / active EE

$442

$1,200-63.1%

$2,587-82.9%

$2,234-80.2%

Participant deferral / active EE

$498

$2,193-77.3%

$3,890-87.2%

$3,806-86.9%

Admin fee / account holder

$75

$134-44.1%

$4,884-98.5%

$158-52.5%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC3 years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 17

655 BEAVER CREEK CIRCLE · MAUMEE, OH 43537

Pension Consulting

$7,298

CGRPS2 years

Service code 15

333 S HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping

$3,815

PENSION ASSURANCE LLP6+ years

Filed as: PENSION INNOVATIONS & CONSULTING

Service code 10 · EIN 34-1944384

7558 KING'S POINTE ROAD · TOLEDO, OH 43617

Accounting

$3,376

TEAM SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAM SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion