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TEAM INDUSTRIES 401(K) PLAN 401k Plan overview

Plan NameTEAM INDUSTRIES 401(K) PLAN
Plan identification number 001

TEAM INDUSTRIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TEAM INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:TEAM INDUSTRIES, INC.
Employer identification number (EIN):411760698
NAIC Classification:332900

Additional information about TEAM INDUSTRIES, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2000-03-10
Company Identification Number: 1139750
Legal Registered Office Address: 40499 PARSONS
-
LAGRANGE
United States of America (USA)
440500000

More information about TEAM INDUSTRIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAM INDUSTRIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01STEVE KAST
0012016-01-01STEVE KAST
0012015-01-01STEVE KAST
0012014-01-01STEVE KAST
0012013-01-01STEVE KAST
0012012-01-01STEVE KAST
0012011-01-01STEVE KAST
0012009-01-01STEVEN KAST

Plan Statistics for TEAM INDUSTRIES 401(K) PLAN

401k plan membership statisitcs for TEAM INDUSTRIES 401(K) PLAN

Measure Date Value
2023: TEAM INDUSTRIES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,282
Total number of active participants reported on line 7a of the Form 55002023-01-011,021
Number of retired or separated participants receiving benefits2023-01-016
Number of other retired or separated participants entitled to future benefits2023-01-01341
Total of all active and inactive participants2023-01-011,368
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-011,368
Number of participants with account balances2023-01-011,262
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: TEAM INDUSTRIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,271
Total number of active participants reported on line 7a of the Form 55002022-01-011,022
Number of retired or separated participants receiving benefits2022-01-017
Number of other retired or separated participants entitled to future benefits2022-01-01232
Total of all active and inactive participants2022-01-011,261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-015
Total participants2022-01-011,266
Number of participants with account balances2022-01-011,266
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TEAM INDUSTRIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,231
Total number of active participants reported on line 7a of the Form 55002021-01-011,018
Number of retired or separated participants receiving benefits2021-01-016
Number of other retired or separated participants entitled to future benefits2021-01-01217
Total of all active and inactive participants2021-01-011,241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-019
Total participants2021-01-011,250
Number of participants with account balances2021-01-011,247
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: TEAM INDUSTRIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,301
Total number of active participants reported on line 7a of the Form 55002020-01-011,010
Number of retired or separated participants receiving benefits2020-01-015
Number of other retired or separated participants entitled to future benefits2020-01-01201
Total of all active and inactive participants2020-01-011,216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-011,219
Number of participants with account balances2020-01-011,206
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: TEAM INDUSTRIES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,311
Total number of active participants reported on line 7a of the Form 55002019-01-011,119
Number of retired or separated participants receiving benefits2019-01-016
Number of other retired or separated participants entitled to future benefits2019-01-01168
Total of all active and inactive participants2019-01-011,293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-011,295
Number of participants with account balances2019-01-011,289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: TEAM INDUSTRIES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,221
Total number of active participants reported on line 7a of the Form 55002018-01-011,126
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-01161
Total of all active and inactive participants2018-01-011,290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-011,291
Number of participants with account balances2018-01-011,257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: TEAM INDUSTRIES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,175
Total number of active participants reported on line 7a of the Form 55002017-01-011,035
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-01151
Total of all active and inactive participants2017-01-011,188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-013
Total participants2017-01-011,191
Number of participants with account balances2017-01-011,168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: TEAM INDUSTRIES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011,228
Total number of active participants reported on line 7a of the Form 55002016-01-011,034
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-01123
Total of all active and inactive participants2016-01-011,158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-012
Total participants2016-01-011,160
Number of participants with account balances2016-01-011,085
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TEAM INDUSTRIES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,149
Total number of active participants reported on line 7a of the Form 55002015-01-011,085
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-01123
Total of all active and inactive participants2015-01-011,209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-012
Total participants2015-01-011,211
Number of participants with account balances2015-01-011,100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TEAM INDUSTRIES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011,190
Total number of active participants reported on line 7a of the Form 55002014-01-01987
Number of retired or separated participants receiving benefits2014-01-013
Number of other retired or separated participants entitled to future benefits2014-01-01121
Total of all active and inactive participants2014-01-011,111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-011,113
Number of participants with account balances2014-01-011,022
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TEAM INDUSTRIES 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011,265
Total number of active participants reported on line 7a of the Form 55002013-01-011,024
Number of retired or separated participants receiving benefits2013-01-013
Number of other retired or separated participants entitled to future benefits2013-01-01137
Total of all active and inactive participants2013-01-011,164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-012
Total participants2013-01-011,166
Number of participants with account balances2013-01-011,051
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TEAM INDUSTRIES 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,104
Total number of active participants reported on line 7a of the Form 55002012-01-011,114
Number of retired or separated participants receiving benefits2012-01-013
Number of other retired or separated participants entitled to future benefits2012-01-01120
Total of all active and inactive participants2012-01-011,237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-011,239
Number of participants with account balances2012-01-01936
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TEAM INDUSTRIES 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,048
Total number of active participants reported on line 7a of the Form 55002011-01-01962
Number of retired or separated participants receiving benefits2011-01-016
Number of other retired or separated participants entitled to future benefits2011-01-01134
Total of all active and inactive participants2011-01-011,102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-011,104
Number of participants with account balances2011-01-01717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: TEAM INDUSTRIES 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,344
Total number of active participants reported on line 7a of the Form 55002009-01-01813
Number of retired or separated participants receiving benefits2009-01-016
Number of other retired or separated participants entitled to future benefits2009-01-01149
Total of all active and inactive participants2009-01-01968
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-013
Total participants2009-01-01971
Number of participants with account balances2009-01-01698
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TEAM INDUSTRIES 401(K) PLAN

Measure Date Value
2023 : TEAM INDUSTRIES 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$20,749,501
Total of all expenses incurred2023-12-31$8,659,686
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$8,391,966
Expenses. Certain deemed distributions of participant loans2023-12-31$3,177
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$7,984,216
Value of total assets at end of year2023-12-31$94,539,641
Value of total assets at beginning of year2023-12-31$82,449,826
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$264,543
Total interest from all sources2023-12-31$241,007
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$381,546
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$381,546
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$4,706,911
Participant contributions at end of year2023-12-31$2,712,862
Participant contributions at beginning of year2023-12-31$2,412,478
Assets. Other investments not covered elsewhere at end of year2023-12-31$570,426
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$313,355
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$797,175
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$958
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$431
Other income not declared elsewhere2023-12-31$68,731
Total non interest bearing cash at end of year2023-12-31$44,506
Total non interest bearing cash at beginning of year2023-12-31$40,348
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$12,089,815
Value of net assets at end of year (total assets less liabilities)2023-12-31$94,539,641
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$82,449,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$65,029
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$23,093,293
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$18,299,146
Interest on participant loans2023-12-31$158,431
Interest earned on other investments2023-12-31$82,576
Value of interest in common/collective trusts at end of year2023-12-31$64,444,973
Value of interest in common/collective trusts at beginning of year2023-12-31$57,899,983
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$3,426
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$3,172
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$3,172
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$3,669,197
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$3,480,913
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$3,164,914
Net investment gain or loss from common/collective trusts2023-12-31$8,909,087
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$2,480,130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$8,391,966
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31REDPATH AND COMPANY, LLC
Accountancy firm EIN2023-12-31920370318
2022 : TEAM INDUSTRIES 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-6,955,398
Total of all expenses incurred2022-12-31$9,101,113
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$8,847,522
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$8,355,645
Value of total assets at end of year2022-12-31$82,449,826
Value of total assets at beginning of year2022-12-31$98,506,337
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$253,591
Total interest from all sources2022-12-31$165,075
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$318,630
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$318,630
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$4,517,323
Participant contributions at end of year2022-12-31$2,412,478
Participant contributions at beginning of year2022-12-31$2,069,965
Assets. Other investments not covered elsewhere at end of year2022-12-31$313,355
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$401,251
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,456,982
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$431
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$308
Other income not declared elsewhere2022-12-31$-108,440
Administrative expenses (other) incurred2022-12-31$187,878
Total non interest bearing cash at end of year2022-12-31$40,348
Total non interest bearing cash at beginning of year2022-12-31$39,610
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-16,056,511
Value of net assets at end of year (total assets less liabilities)2022-12-31$82,449,826
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$98,506,337
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$65,713
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$18,299,146
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$25,012,186
Interest on participant loans2022-12-31$107,680
Interest earned on other investments2022-12-31$57,395
Value of interest in common/collective trusts at end of year2022-12-31$57,899,983
Value of interest in common/collective trusts at beginning of year2022-12-31$68,709,902
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$3,172
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$3,074
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$3,074
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,480,913
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$2,270,041
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-5,098,922
Net investment gain or loss from common/collective trusts2022-12-31$-10,587,386
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$2,381,340
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$8,847,522
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31REDPATH AND COMPANY, LLC
Accountancy firm EIN2022-12-31920370318
2021 : TEAM INDUSTRIES 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$19,625,391
Total of all expenses incurred2021-12-31$9,583,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$9,266,531
Expenses. Certain deemed distributions of participant loans2021-12-31$5,454
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$7,296,739
Value of total assets at end of year2021-12-31$98,506,337
Value of total assets at beginning of year2021-12-31$88,464,016
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$311,085
Total interest from all sources2021-12-31$139,561
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$466,218
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$466,218
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$4,496,451
Participant contributions at end of year2021-12-31$2,069,965
Participant contributions at beginning of year2021-12-31$2,375,283
Assets. Other investments not covered elsewhere at end of year2021-12-31$401,251
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$956,542
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$428,783
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$308
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$2,461
Other income not declared elsewhere2021-12-31$197,666
Administrative expenses (other) incurred2021-12-31$197,962
Total non interest bearing cash at end of year2021-12-31$39,610
Total non interest bearing cash at beginning of year2021-12-31$79,825
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$10,042,321
Value of net assets at end of year (total assets less liabilities)2021-12-31$98,506,337
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$88,464,016
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$113,123
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$25,012,186
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$22,806,833
Interest on participant loans2021-12-31$114,570
Interest earned on other investments2021-12-31$24,991
Value of interest in common/collective trusts at end of year2021-12-31$68,709,902
Value of interest in common/collective trusts at beginning of year2021-12-31$62,239,930
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$3,074
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$3,142
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$3,142
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$2,270,041
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,358,318
Net investment gain or loss from common/collective trusts2021-12-31$9,166,889
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$2,371,505
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$9,266,531
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31REDPATH AND COMPANY, LTD.
Accountancy firm EIN2021-12-31410975573
2020 : TEAM INDUSTRIES 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$17,184,360
Total of all expenses incurred2020-12-31$6,218,122
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$5,738,280
Expenses. Certain deemed distributions of participant loans2020-12-31$1,202
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$6,241,566
Value of total assets at end of year2020-12-31$88,464,016
Value of total assets at beginning of year2020-12-31$77,497,778
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$478,640
Total interest from all sources2020-12-31$140,094
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$295,400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$295,400
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$3,695,603
Participant contributions at end of year2020-12-31$2,375,283
Participant contributions at beginning of year2020-12-31$2,620,904
Assets. Other investments not covered elsewhere at end of year2020-12-31$956,542
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$659,635
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$500,949
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$2,461
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$4,471
Other income not declared elsewhere2020-12-31$266,370
Administrative expenses (other) incurred2020-12-31$348,000
Total non interest bearing cash at end of year2020-12-31$79,825
Total non interest bearing cash at beginning of year2020-12-31$61,020
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$10,966,238
Value of net assets at end of year (total assets less liabilities)2020-12-31$88,464,016
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$77,497,778
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$130,640
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$22,806,833
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$17,256,784
Interest on participant loans2020-12-31$140,091
Value of interest in common/collective trusts at end of year2020-12-31$62,239,930
Value of interest in common/collective trusts at beginning of year2020-12-31$56,891,893
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$3,142
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$3,071
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$3,071
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$3
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,276,077
Net investment gain or loss from common/collective trusts2020-12-31$6,964,853
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$2,045,014
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$5,738,280
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31REDPATH & COMPANY
Accountancy firm EIN2020-12-31410975573
2019 : TEAM INDUSTRIES 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$19,862,868
Total of all expenses incurred2019-12-31$4,711,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,388,274
Expenses. Certain deemed distributions of participant loans2019-12-31$1,073
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,538,416
Value of total assets at end of year2019-12-31$77,497,778
Value of total assets at beginning of year2019-12-31$62,346,618
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$322,361
Total interest from all sources2019-12-31$136,607
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$297,718
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$297,718
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$4,012,264
Participant contributions at end of year2019-12-31$2,620,904
Participant contributions at beginning of year2019-12-31$2,512,252
Assets. Other investments not covered elsewhere at end of year2019-12-31$659,635
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$534,246
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$158,864
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$4,471
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$3,058
Other income not declared elsewhere2019-12-31$169,092
Administrative expenses (other) incurred2019-12-31$197,814
Total non interest bearing cash at end of year2019-12-31$61,020
Total non interest bearing cash at beginning of year2019-12-31$50,065
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$15,151,160
Value of net assets at end of year (total assets less liabilities)2019-12-31$77,497,778
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$62,346,618
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$124,547
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$17,256,784
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$13,344,731
Interest earned on other investments2019-12-31$136,607
Value of interest in common/collective trusts at end of year2019-12-31$56,891,893
Value of interest in common/collective trusts at beginning of year2019-12-31$45,899,213
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$3,071
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$3,053
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$3,053
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,043,783
Net investment gain or loss from common/collective trusts2019-12-31$9,677,252
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$2,367,288
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,388,274
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31REDPATH & COMPANY
Accountancy firm EIN2019-12-31410975573
2018 : TEAM INDUSTRIES 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$835,434
Total of all expenses incurred2018-12-31$4,432,318
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$4,114,728
Expenses. Certain deemed distributions of participant loans2018-12-31$2,007
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,786,804
Value of total assets at end of year2018-12-31$62,346,618
Value of total assets at beginning of year2018-12-31$65,943,502
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$315,583
Total interest from all sources2018-12-31$121,158
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$303,192
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$303,192
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$3,618,523
Participant contributions at end of year2018-12-31$2,512,252
Participant contributions at beginning of year2018-12-31$2,565,484
Assets. Other investments not covered elsewhere at end of year2018-12-31$534,246
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$629,400
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$412,224
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$3,058
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$2,224
Other income not declared elsewhere2018-12-31$-159,389
Administrative expenses (other) incurred2018-12-31$194,473
Total non interest bearing cash at end of year2018-12-31$50,065
Total non interest bearing cash at beginning of year2018-12-31$44,054
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,596,884
Value of net assets at end of year (total assets less liabilities)2018-12-31$62,346,618
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$65,943,502
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$121,110
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$13,344,731
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$13,074,687
Interest on participant loans2018-12-31$121,158
Value of interest in common/collective trusts at end of year2018-12-31$45,899,213
Value of interest in common/collective trusts at beginning of year2018-12-31$49,624,880
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$3,053
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$2,773
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$2,773
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,325,830
Net investment gain or loss from common/collective trusts2018-12-31$-3,890,501
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,756,057
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$4,114,728
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31REDPATH & COMPANY
Accountancy firm EIN2018-12-31410975573
2017 : TEAM INDUSTRIES 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$13,404,615
Total of all expenses incurred2017-12-31$3,725,165
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,377,724
Expenses. Certain deemed distributions of participant loans2017-12-31$39,559
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,948,903
Value of total assets at end of year2017-12-31$65,943,502
Value of total assets at beginning of year2017-12-31$56,264,052
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$307,882
Total interest from all sources2017-12-31$107,685
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$227,702
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$227,702
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$2,901,797
Participant contributions at end of year2017-12-31$2,565,484
Participant contributions at beginning of year2017-12-31$2,527,740
Assets. Other investments not covered elsewhere at end of year2017-12-31$629,400
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$453,717
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$557,135
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$2,224
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$1,705
Other income not declared elsewhere2017-12-31$133,987
Administrative expenses (other) incurred2017-12-31$197,257
Total non interest bearing cash at end of year2017-12-31$44,054
Total non interest bearing cash at beginning of year2017-12-31$39,467
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$9,679,450
Value of net assets at end of year (total assets less liabilities)2017-12-31$65,943,502
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$56,264,052
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$110,625
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$13,074,687
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$10,157,899
Interest on participant loans2017-12-31$107,685
Value of interest in common/collective trusts at end of year2017-12-31$49,624,880
Value of interest in common/collective trusts at beginning of year2017-12-31$43,081,122
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$2,773
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$2,402
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$2,402
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,675,219
Net investment gain or loss from common/collective trusts2017-12-31$6,311,119
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,489,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,377,724
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31REDPATH & COMPANY
Accountancy firm EIN2017-12-31410975573
2016 : TEAM INDUSTRIES 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$9,460,060
Total of all expenses incurred2016-12-31$3,916,383
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,609,106
Expenses. Certain deemed distributions of participant loans2016-12-31$9,249
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$4,885,919
Value of total assets at end of year2016-12-31$56,264,052
Value of total assets at beginning of year2016-12-31$50,720,375
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$298,028
Total interest from all sources2016-12-31$104,441
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$176,538
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$176,538
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,482,566
Participant contributions at end of year2016-12-31$2,527,740
Participant contributions at beginning of year2016-12-31$2,435,841
Assets. Other investments not covered elsewhere at end of year2016-12-31$453,717
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$303,139
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,117,622
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$1,705
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$1,376
Other income not declared elsewhere2016-12-31$37,513
Administrative expenses (other) incurred2016-12-31$175,398
Total non interest bearing cash at end of year2016-12-31$39,467
Total non interest bearing cash at beginning of year2016-12-31$65,176
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$5,543,677
Value of net assets at end of year (total assets less liabilities)2016-12-31$56,264,052
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$50,720,375
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$122,630
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$10,157,899
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$8,519,699
Interest on participant loans2016-12-31$104,441
Value of interest in common/collective trusts at end of year2016-12-31$43,081,122
Value of interest in common/collective trusts at beginning of year2016-12-31$39,393,037
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$2,402
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,107
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,107
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$629,099
Net investment gain or loss from common/collective trusts2016-12-31$3,626,550
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,285,731
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,609,106
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31REDPATH & COMPANY
Accountancy firm EIN2016-12-31410975573
2015 : TEAM INDUSTRIES 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$4,046,180
Total of all expenses incurred2015-12-31$4,534,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,748,565
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,476,305
Value of total assets at end of year2015-12-31$50,720,375
Value of total assets at beginning of year2015-12-31$51,208,558
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$785,798
Total interest from all sources2015-12-31$100,240
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$645,789
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$645,789
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,610,040
Participant contributions at end of year2015-12-31$2,435,841
Participant contributions at beginning of year2015-12-31$2,386,059
Assets. Other investments not covered elsewhere at end of year2015-12-31$303,139
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$276,001
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$357,841
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$1,376
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$930
Other income not declared elsewhere2015-12-31$-2,192
Administrative expenses (other) incurred2015-12-31$426,911
Total non interest bearing cash at end of year2015-12-31$65,176
Total non interest bearing cash at beginning of year2015-12-31$105,978
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-488,183
Value of net assets at end of year (total assets less liabilities)2015-12-31$50,720,375
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$51,208,558
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$358,887
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$8,519,699
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$48,437,452
Interest on participant loans2015-12-31$100,240
Value of interest in common/collective trusts at end of year2015-12-31$39,393,037
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,107
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,138
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,138
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$4,895
Net investment gain or loss from common/collective trusts2015-12-31$-1,178,857
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,508,424
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,748,565
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2015-12-31411628544
2014 : TEAM INDUSTRIES 401(K) PLAN 2014 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$6,979
Total income from all sources (including contributions)2014-12-31$6,872,865
Total of all expenses incurred2014-12-31$3,747,639
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,184,111
Value of total corrective distributions2014-12-31$8,066
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,876,673
Value of total assets at end of year2014-12-31$51,208,558
Value of total assets at beginning of year2014-12-31$48,090,311
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$555,462
Total interest from all sources2014-12-31$96,703
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,134,844
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,134,844
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$2,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,400,882
Participant contributions at end of year2014-12-31$2,386,059
Participant contributions at beginning of year2014-12-31$2,332,135
Assets. Other investments not covered elsewhere at end of year2014-12-31$276,001
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$142,551
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$39,935
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$930
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$945
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$6,979
Other income not declared elsewhere2014-12-31$5,828
Administrative expenses (other) incurred2014-12-31$186,922
Total non interest bearing cash at end of year2014-12-31$105,978
Total non interest bearing cash at beginning of year2014-12-31$113,022
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$3,125,226
Value of net assets at end of year (total assets less liabilities)2014-12-31$51,208,558
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$48,083,332
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$368,540
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$48,437,452
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$45,499,773
Interest on participant loans2014-12-31$96,703
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,138
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,885
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,885
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,758,817
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,435,856
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,184,111
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2014-12-31411628544
2013 : TEAM INDUSTRIES 401(K) PLAN 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$6,979
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$32,156
Total income from all sources (including contributions)2013-12-31$12,267,821
Total of all expenses incurred2013-12-31$2,492,810
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,933,903
Value of total corrective distributions2013-12-31$22,832
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,897,896
Value of total assets at end of year2013-12-31$48,090,311
Value of total assets at beginning of year2013-12-31$38,340,477
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$536,075
Total interest from all sources2013-12-31$93,438
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$905,313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$905,313
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$2,388,011
Participant contributions at end of year2013-12-31$2,332,135
Participant contributions at beginning of year2013-12-31$2,050,079
Assets. Other investments not covered elsewhere at end of year2013-12-31$142,551
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$142,611
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$80,504
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$945
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$906
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$6,979
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$32,156
Other income not declared elsewhere2013-12-31$1,940
Administrative expenses (other) incurred2013-12-31$233,810
Total non interest bearing cash at end of year2013-12-31$113,022
Total non interest bearing cash at beginning of year2013-12-31$3,092
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$9,775,011
Value of net assets at end of year (total assets less liabilities)2013-12-31$48,083,332
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$38,308,321
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$302,265
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$45,499,773
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$36,142,075
Interest on participant loans2013-12-31$93,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,885
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$1,714
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$1,714
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$7,369,234
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,429,381
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,933,903
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2013-12-31411628544
2012 : TEAM INDUSTRIES 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$32,156
Total income from all sources (including contributions)2012-12-31$7,210,704
Total of all expenses incurred2012-12-31$2,092,031
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,036,979
Expenses. Certain deemed distributions of participant loans2012-12-31$13
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,068,800
Value of total assets at end of year2012-12-31$38,340,477
Value of total assets at beginning of year2012-12-31$33,189,648
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$55,039
Total interest from all sources2012-12-31$85,208
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$610,923
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$610,923
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,890,975
Participant contributions at end of year2012-12-31$2,050,079
Participant contributions at beginning of year2012-12-31$1,958,656
Assets. Other investments not covered elsewhere at end of year2012-12-31$142,611
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$148,422
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$165,591
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$906
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$1,316
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$32,156
Other income not declared elsewhere2012-12-31$-7,811
Administrative expenses (other) incurred2012-12-31$55,039
Total non interest bearing cash at end of year2012-12-31$3,092
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$5,118,673
Value of net assets at end of year (total assets less liabilities)2012-12-31$38,308,321
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$33,189,648
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$36,142,075
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$26,642,745
Interest on participant loans2012-12-31$85,208
Value of interest in common/collective trusts at end of year2012-12-31$0
Value of interest in common/collective trusts at beginning of year2012-12-31$4,436,798
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,714
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,711
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,711
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$3,390,807
Net investment gain or loss from common/collective trusts2012-12-31$62,777
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,012,234
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,036,979
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2012-12-31411628544
2011 : TEAM INDUSTRIES 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$1,002,588
Total of all expenses incurred2011-12-31$2,203,599
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,191,665
Expenses. Certain deemed distributions of participant loans2011-12-31$59
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,879,929
Value of total assets at end of year2011-12-31$33,189,648
Value of total assets at beginning of year2011-12-31$34,390,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$11,875
Total interest from all sources2011-12-31$83,553
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$280,678
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$280,678
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,345,543
Participant contributions at end of year2011-12-31$1,958,656
Participant contributions at beginning of year2011-12-31$1,653,986
Assets. Other investments not covered elsewhere at end of year2011-12-31$148,422
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$65,173
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$7,532
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$1,316
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$1,185
Other income not declared elsewhere2011-12-31$-38,751
Administrative expenses (other) incurred2011-12-31$11,875
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,201,011
Value of net assets at end of year (total assets less liabilities)2011-12-31$33,189,648
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$34,390,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$26,642,745
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$28,465,290
Interest on participant loans2011-12-31$83,553
Value of interest in common/collective trusts at end of year2011-12-31$4,436,798
Value of interest in common/collective trusts at beginning of year2011-12-31$4,203,314
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,711
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,711
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,711
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,284,336
Net investment gain or loss from common/collective trusts2011-12-31$81,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$526,854
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,191,665
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2011-12-31411628544
2010 : TEAM INDUSTRIES 401(K) PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$6,492,615
Total of all expenses incurred2010-12-31$1,558,386
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,548,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,411,821
Value of total assets at end of year2010-12-31$34,390,659
Value of total assets at beginning of year2010-12-31$29,456,430
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$9,975
Total interest from all sources2010-12-31$88,208
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$335,630
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$335,630
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$2,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,033,065
Participant contributions at end of year2010-12-31$1,653,986
Participant contributions at beginning of year2010-12-31$1,522,008
Assets. Other investments not covered elsewhere at end of year2010-12-31$65,173
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$183,131
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$1,185
Other income not declared elsewhere2010-12-31$173
Administrative expenses (other) incurred2010-12-31$9,975
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$4,934,229
Value of net assets at end of year (total assets less liabilities)2010-12-31$34,390,659
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$29,456,430
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$28,465,290
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$23,786,697
Interest on participant loans2010-12-31$88,208
Value of interest in common/collective trusts at end of year2010-12-31$4,203,314
Value of interest in common/collective trusts at beginning of year2010-12-31$4,146,015
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,711
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,710
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,710
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$4,554,377
Net investment gain or loss from common/collective trusts2010-12-31$102,406
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$195,625
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,548,411
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31PEFFER & WALLACE, LTD
Accountancy firm EIN2010-12-31411628544
2009 : TEAM INDUSTRIES 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for TEAM INDUSTRIES 401(K) PLAN

2023: TEAM INDUSTRIES 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: TEAM INDUSTRIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TEAM INDUSTRIES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TEAM INDUSTRIES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TEAM INDUSTRIES 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TEAM INDUSTRIES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TEAM INDUSTRIES 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TEAM INDUSTRIES 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TEAM INDUSTRIES 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TEAM INDUSTRIES 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TEAM INDUSTRIES 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TEAM INDUSTRIES 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TEAM INDUSTRIES 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: TEAM INDUSTRIES 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract numberQK62076
Policy instance 1
Insurance contract or identification numberQK62076
Number of Individuals Covered1262
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract numberQK62076
Policy instance 1
Insurance contract or identification numberQK62076
Number of Individuals Covered1266
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract numberQK62076
Policy instance 1
Insurance contract or identification numberQK62076
Number of Individuals Covered1247
Insurance policy start date2021-03-09
Insurance policy end date2021-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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