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THE TEAM APPROACH, INC. 401(K) PLAN 401k Plan overview

Plan NameTHE TEAM APPROACH, INC. 401(K) PLAN
Plan identification number 001

THE TEAM APPROACH, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • 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.

401k Sponsoring company profile

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

Company Name:THE TEAM APPROACH, INC.
Employer identification number (EIN):260430350
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE TEAM APPROACH, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RICHARD STAMM2024-09-30
0012022-01-01RICHARD STAMM2023-10-12
0012021-01-01RICHARD STAMM2022-10-06
0012020-01-01RICHARD STAMM2021-08-23
0012019-01-01RICHARD STAMM2020-10-12
0012018-01-01RICHARD STAMM2019-07-29
0012017-01-01RICHARD STAMM2018-06-15

Plan Statistics for THE TEAM APPROACH, INC. 401(K) PLAN

401k plan membership statisitcs for THE TEAM APPROACH, INC. 401(K) PLAN

Measure Date Value
2025: THE TEAM APPROACH, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1711
Total number of particpants at end of year2025-06-1712
Number of Participants With Account Balances2025-06-1712
2024: THE TEAM APPROACH, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-3011
Total number of particpants at end of year2024-09-3011
Number of Participants With Account Balances2024-09-3011

Financial Data on THE TEAM APPROACH, INC. 401(K) PLAN

Measure Date Value
2025 : THE TEAM APPROACH, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-170
Total liabilities as of the end of the plan year2025-06-170
Total liabilities as of the beginning of the plan year2025-06-170
Total expenses incurred by plan in this plan year2025-06-1722509
Net assets as of the end of the plan year2025-06-171273223
Total assets as of the beginning of the plan year2025-06-17919119
Value of plan covered by a fidelity bond2025-06-17500000
Participant contributions to plan in this plan year2025-06-17107727
Other expenses paid from plan in this plan year2025-06-170
Other contributions to plan in this plan year2025-06-170
Other income to plan in this plan year2025-06-1797407
Plan net income in this plan year2025-06-17354104
Net assets as of the end of the plan year2025-06-171273223
Net assets as of the beginning of the plan year2025-06-17919119
Employer contributions to plan in this plan year2025-06-17171479
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-176419
2024 : THE TEAM APPROACH, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-300
Total liabilities as of the end of the plan year2024-09-300
Total liabilities as of the beginning of the plan year2024-09-300
Total expenses incurred by plan in this plan year2024-09-3016259
Net assets as of the end of the plan year2024-09-30919119
Total assets as of the beginning of the plan year2024-09-30650491
Value of plan covered by a fidelity bond2024-09-30100000
Participant contributions to plan in this plan year2024-09-3093372
Other expenses paid from plan in this plan year2024-09-300
Other contributions to plan in this plan year2024-09-300
Other income to plan in this plan year2024-09-3094800
Plan net income in this plan year2024-09-30268628
Net assets as of the end of the plan year2024-09-30919119
Net assets as of the beginning of the plan year2024-09-30650491
Employer contributions to plan in this plan year2024-09-3096715
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-304045

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