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TEAM ONE PLASTICS, INC. RETIREMENT PLAN 401k Plan overview

Plan NameTEAM ONE PLASTICS, INC. RETIREMENT PLAN
Plan identification number 001

TEAM ONE PLASTICS, INC. RETIREMENT 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.
  • 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.

401k Sponsoring company profile

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

Company Name:TEAM ONE PLASTICS, INC.
Employer identification number (EIN):382770308
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAM ONE PLASTICS, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CRAIG CARREL2024-07-12
0012022-01-01CRAIG CARREL2023-08-28
0012021-01-01CRAIG CARREL2022-07-14
0012020-01-01CRAIG CARREL2021-05-12
0012018-01-01CRAIG CARREL2019-07-18
0012017-01-01CRAIG CARREL2018-06-26
0012016-01-01CRAIG CARREL2017-06-28
0012015-01-01CRAIG CARREL2016-07-18
0012014-01-01CRAIG CARREL2015-07-27
0012013-01-01CRAIG CARREL2014-06-16
0012012-01-01CRAIG CARREL2013-09-09
0012011-01-01CRAIG CARREL2012-10-15
0012010-01-01CRAIG CARREL2011-07-26

Plan Statistics for TEAM ONE PLASTICS, INC. RETIREMENT PLAN

401k plan membership statisitcs for TEAM ONE PLASTICS, INC. RETIREMENT PLAN

Measure Date Value
2024: TEAM ONE PLASTICS, INC. RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1261
Total number of particpants at end of year2024-07-1267
Number of Participants With Account Balances2024-07-1237
2022: TEAM ONE PLASTICS, INC. RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-1457
Total number of particpants at end of year2022-07-1461
Number of Participants With Account Balances2022-07-1437

Financial Data on TEAM ONE PLASTICS, INC. RETIREMENT PLAN

Measure Date Value
2024 : TEAM ONE PLASTICS, INC. RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1233724
Net assets as of the end of the plan year2024-07-122940418
Total assets as of the beginning of the plan year2024-07-122448009
Value of plan covered by a fidelity bond2024-07-12245000
Participant contributions to plan in this plan year2024-07-12126881
Value of participant loans at end of plan year2024-07-1269880
Other contributions to plan in this plan year2024-07-12380
Other income to plan in this plan year2024-07-12398482
Plan net income in this plan year2024-07-12492409
Net assets as of the end of the plan year2024-07-122940418
Net assets as of the beginning of the plan year2024-07-122448009
Employer contributions to plan in this plan year2024-07-12390
Fees paid to broker by Benefit Provider2024-07-121321
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1226957
2022 : TEAM ONE PLASTICS, INC. RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1438448
Net assets as of the end of the plan year2022-07-142804278
Total assets as of the beginning of the plan year2022-07-142363667
Value of plan covered by a fidelity bond2022-07-14236367
Participant contributions to plan in this plan year2022-07-14110523
Value of participant loans at end of plan year2022-07-1495487
Other contributions to plan in this plan year2022-07-14890
Other income to plan in this plan year2022-07-14367646
Plan net income in this plan year2022-07-14440611
Net assets as of the end of the plan year2022-07-142804278
Net assets as of the beginning of the plan year2022-07-142363667
Fees paid to broker by Benefit Provider2022-07-141291
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-1426593

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