401k Record

Employers › Teamworks Innovations

Teamworks Innovations 401(k)

Administrative expenses excluding investment management, per participant · Teamworks Innovations, Inc. 401(k) Plan · plan year 2024

$24.10

Higher than 15% of the 24,371 plans $10 to 50M that report it.

Source

= $9,566 / 397
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251027143412NAL0015267154001, received 2025-10-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251027143412NAL0015267154001, received 2025-10-27

10th: $15.36median $118.8890th: $340.63

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-27.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$169.49

10th: $26.86median $197.2590th: $456.10

Higher than 43% of the 25,098 plans $10 to 50M that report it.

Source

= $67,288 / 397
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251027143412NAL0015267154001, received 2025-10-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251027143412NAL0015267154001, received 2025-10-27

Administrative expenses as a share of assets

0.425%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 73% of the 25,132 plans $10 to 50M that report it.

Source

= $67,288 / $15,839,514
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251027143412NAL0015267154001, received 2025-10-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251027143412NAL0015267154001, received 2025-10-27

Employer contributions per participant

$1,654

10th: $664median $2,07490th: $4,751

Higher than 37% of the 24,050 plans $10 to 50M that report it.

Source

= $656,491 / 397
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251027143412NAL0015267154001, received 2025-10-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251027143412NAL0015267154001, received 2025-10-27

Employer share of total contributions

11.4%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 8% of the 24,084 plans $10 to 50M that report it.

Source

= $656,491 / $5,773,370
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251027143412NAL0015267154001, received 2025-10-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251027143412NAL0015267154001, received 2025-10-27

Plan terms, as stated in Teamworks Innovations, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2G fully participant-directed · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251027143412NAL0015267154001, received 2025-10-27

Full record, Teamworks Innovations, Inc. 401(k) Plan

FieldValueSource
Plan sponsorTEAMWORKS INNOVATIONS, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251027143412NAL0015267154001, received 2025-10-27
Plan nameTEAMWORKS INNOVATIONS, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251027143412NAL0015267154001, received 2025-10-27
Sponsor EIN / plan number81-2787532 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251027143412NAL0015267154001, received 2025-10-27
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251027143412NAL0015267154001, received 2025-10-27
Sponsor locationDURHAM, NCForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251027143412NAL0015267154001, received 2025-10-27
Industry (business code)518210, InformationForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251027143412NAL0015267154001, received 2025-10-27
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251027143412NAL0015267154001, received 2025-10-27
Filing received2025-10-27Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251027143412NAL0015267154001, received 2025-10-27
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251027143412NAL0015267154001, received 2025-10-27
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251027143412NAL0015267154001, received 2025-10-27
Participants, beginning of year291Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251027143412NAL0015267154001, received 2025-10-27
Active participants368Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251027143412NAL0015267154001, received 2025-10-27
Participants, end of year412Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251027143412NAL0015267154001, received 2025-10-27
Participants with an account balance397Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251027143412NAL0015267154001, received 2025-10-27
Total assets, beginning of year$9,234,265Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251027143412NAL0015267154001, received 2025-10-27
Total assets, end of year$15,839,514Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251027143412NAL0015267154001, received 2025-10-27
Net assets, end of year$15,839,514Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251027143412NAL0015267154001, received 2025-10-27
Total income$7,291,175Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251027143412NAL0015267154001, received 2025-10-27
Net income$6,605,249Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251027143412NAL0015267154001, received 2025-10-27
Employer contributions$656,491Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251027143412NAL0015267154001, received 2025-10-27
Participant contributions$2,624,914Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251027143412NAL0015267154001, received 2025-10-27
Other contributions (incl. rollovers)$2,491,965Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251027143412NAL0015267154001, received 2025-10-27
Total contributions$5,773,370Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251027143412NAL0015267154001, received 2025-10-27
Benefit payments$618,638Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251027143412NAL0015267154001, received 2025-10-27
Total expenses (incl. benefit payments)$685,926Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251027143412NAL0015267154001, received 2025-10-27
Total administrative expenses$67,288Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251027143412NAL0015267154001, received 2025-10-27
Contract administrator fees$9,566Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251027143412NAL0015267154001, received 2025-10-27
Investment advisory and management fees$57,722Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251027143412NAL0015267154001, received 2025-10-27
Administrative expenses excluding investment management$9,566derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251027143412NAL0015267154001, received 2025-10-27
Held in common/collective trusts$13,401,452Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251027143412NAL0015267154001, received 2025-10-27
Held in mutual funds$1,045,916Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251027143412NAL0015267154001, received 2025-10-27
Independent auditorPBMARES, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251027143412NAL0015267154001, received 2025-10-27

Position = column in the DOL layout for form year 2024. Filing 20251027143412NAL0015267154001, received 2025-10-27.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
INTEGRATED WEALTH CONCEPTS LLCINVESTMENT ADVISORY 27 Investment advisory (plan); 50 Direct payment from the plan $57,715yes
PRINCIPAL LIFE INSURANCE COMPANYrecordkeeperCONTRACT ADMINISTRATOR 13 Contract administrator; 64 Recordkeeping fees; 37 Participant loan processing; 50 Direct payment from the plan $7,406yes
ASSOCIATED PENSION CONSULTANTSCONTACT ADMINISTRATOR 13 Contract administrator; 99 Other fees; 50 Direct payment from the plan; 49 Other services $2,160yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251027143412NAL0015267154001, received 2025-10-27.

What changed since the 2023 plan year

Figure20232024Change
Total assets$9,234,265$15,839,51471.5%
Participants with a balance28139741.3%
Administrative expenses$76,155$67,288-11.6%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$557,197$656,49117.8%

Prior filing 20250311101649NAL0017600913001, received 2025-03-11; the plan years are contiguous.

Alerts, claims and corrections

Alert me when this filing changes

One email when a new Form 5500 for Teamworks Innovations, Inc. 401(k) Plan appears in the Department of Labor data. Confirmation link first; unsubscribe link in every email.

Claim this plan

For the sponsor or its plan administrator: request to verify or annotate this page. A work email address at the sponsor speeds up verification.

Report a correction

Every figure is reproduced from the filing with its source. Tell us which figure and what the filing says instead.

Sponsor name as filed: TEAMWORKS INNOVATIONS, INC.; SEC registrant: TEAMWORKS INNOVATIONS, INC. (CIK 1679315, matched by EIN).