401k Plan data: TEAMWORK HUMAN RESOURCES, INC. M.E.P. plan

TEAMWORK HUMAN RESOURCES, INC. M.E.P. 401k Plan overview

Plan Name	TEAMWORK HUMAN RESOURCES, INC. M.E.P.
Plan identification number	001

TEAMWORK HUMAN RESOURCES, INC. M.E.P. Benefits

401k Plan Type

Defined 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.
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.
Unknown benefit code

401k Sponsoring company profile

TEAMWORK HUMAN RESOURCES, INC. has sponsored the creation of one or more 401k plans.

Company Name: TEAMWORK HUMAN RESOURCES, INC.

Employer identification number (EIN): 680482464

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAMWORK HUMAN RESOURCES, INC. M.E.P.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01 HEIDI CORRIGAN 2021-07-01
001 2019-01-01 HEIDI CORRIGAN 2020-07-20
001 2018-01-01 HEIDI CORRIGAN 2019-08-31
001 2017-01-01
001 2016-01-01
001 2015-01-01 HEIDI CORRIGAN 2016-06-29
001 2014-01-01 HEIDI CORRIGAN 2015-04-12
001 2013-01-01 HEIDI CORRIGAN 2014-04-21
001 2012-01-01 HEIDI CORRIGAN 2013-06-24
001 2011-01-01 HEIDI CORRIGAN 2012-09-05
001 2010-01-01 HEIDI CORRIGAN 2011-09-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01	HEIDI CORRIGAN	2021-07-01
001	2019-01-01	HEIDI CORRIGAN	2020-07-20
001	2018-01-01	HEIDI CORRIGAN	2019-08-31
001	2017-01-01
001	2016-01-01
001	2015-01-01	HEIDI CORRIGAN	2016-06-29
001	2014-01-01	HEIDI CORRIGAN	2015-04-12
001	2013-01-01	HEIDI CORRIGAN	2014-04-21
001	2012-01-01	HEIDI CORRIGAN	2013-06-24
001	2011-01-01	HEIDI CORRIGAN	2012-09-05
001	2010-01-01	HEIDI CORRIGAN	2011-09-28

Plan Statistics for TEAMWORK HUMAN RESOURCES, INC. M.E.P.

401k plan membership statisitcs for TEAMWORK HUMAN RESOURCES, INC. M.E.P.

Measure Date Value
2022: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2022 401k membership
Total participants, beginning-of-year 2022-01-01 748
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 517
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 44
Total of all active and inactive participants 2022-01-01 561
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 562
Number of participants with account balances 2022-01-01 151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2021 401k membership
Total participants, beginning-of-year 2021-01-01 217
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 640
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 19
Total of all active and inactive participants 2021-01-01 659
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 660
Number of participants with account balances 2021-01-01 140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2022: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2022 401k membership
Total participants, beginning-of-year	2022-01-01	748
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	517
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	44
Total of all active and inactive participants	2022-01-01	561
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	562
Number of participants with account balances	2022-01-01	151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2021 401k membership
Total participants, beginning-of-year	2021-01-01	217
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	640
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	19
Total of all active and inactive participants	2021-01-01	659
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	660
Number of participants with account balances	2021-01-01	140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on TEAMWORK HUMAN RESOURCES, INC. M.E.P.

Measure	Date	Value
2022 : TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2022 401k financial data
Total transfer of assets from this plan	2022-12-31	$35,015
Total income from all sources (including contributions)	2022-12-31	$-274,000
Total of all expenses incurred	2022-12-31	$736,310
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$705,824
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$842,222
Value of total assets at end of year	2022-12-31	$6,642,698
Value of total assets at beginning of year	2022-12-31	$7,688,023
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$30,486
Total interest from all sources	2022-12-31	$7,572
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$520,449
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$112
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$37,258
Administrative expenses (other) incurred	2022-12-31	$28,862
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,010,310
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$6,642,698
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$7,688,023
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$1,624
Value of interest in pooled separate accounts at end of year	2022-12-31	$5,772,564
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$6,857,536
Interest earned on other investments	2022-12-31	$7,572
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$845,236
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$796,985
Net investment gain/loss from pooled separate accounts	2022-12-31	$-1,123,794
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$284,515
Employer contributions (assets) at end of year	2022-12-31	$24,898
Employer contributions (assets) at beginning of year	2022-12-31	$33,390
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$705,824
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	No
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	COHNREZNICK, LLP
Accountancy firm EIN	2022-12-31	221478099
2021 : TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,789,543
Total of all expenses incurred	2021-12-31	$674,815
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$646,041
Value of total corrective distributions	2021-12-31	$773
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$901,228
Value of total assets at end of year	2021-12-31	$7,688,023
Value of total assets at beginning of year	2021-12-31	$6,573,295
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$28,001
Total interest from all sources	2021-12-31	$5,359
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$581,991
Participant contributions at end of year	2021-12-31	$112
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$5,715
Administrative expenses (other) incurred	2021-12-31	$26,548
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,114,728
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$7,688,023
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$6,573,295
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$1,453
Value of interest in pooled separate accounts at end of year	2021-12-31	$6,857,536
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$5,946,870
Interest earned on other investments	2021-12-31	$5,359
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$796,985
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$626,425
Net investment gain/loss from pooled separate accounts	2021-12-31	$882,956
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$313,522
Employer contributions (assets) at end of year	2021-12-31	$33,390
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$646,041
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2021-12-31	No
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	COHNREZNICK, LLP
Accountancy firm EIN	2021-12-31	221478099

Form 5500 Responses for TEAMWORK HUMAN RESOURCES, INC. M.E.P.

2022: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: TEAMWORK HUMAN RESOURCES, INC. M.E.P. 2021 form 5500 responses
2021-01-01	Type of plan entity	Mulitple employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932495

Policy instance

Insurance contract or identification number	932495
Number of Individuals Covered	151
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $24,858
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $24,858
Insurance broker organization code?	3

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932495

Policy instance

Insurance contract or identification number	932495
Number of Individuals Covered	140
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $29,131
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $14,988
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	0
Insurance broker organization code?	3

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Company Name:	TEAMWORK HUMAN RESOURCES, INC.
Employer identification number (EIN):	680482464
NAIC Classification:	541600