Team Industries, Inc. 401(k) Plan: Login, Facts & Contact Information

Team Industries, Inc. 401(k) Plan Facts

Plan name
TEAM INDUSTRIES 401(K) PLAN
Plan type
401(k) with employer contributions
Plan sponsor
TEAM INDUSTRIES HOLDING CORPORATION
Participants
1,368 (951 active employees)
Former employees with a balance
185
Plan assets
$102,250,761 at Dec 31, 2024
Average account balance
$90,487 across 1,130 accounts
Employer contributions
$2,241,795 in plan year 2024 (33% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1994
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.82 million went into the plan in contributions, $2.24 million of it from the employer (33%).
  • $11.6 million was paid out to participants.
  • Investment and other income added $9.47 million.
  • Administrative expenses were $202,620, about $179 per account.

How the Team Industries, Inc. 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,311$77.5 million$2.37 million$4.39 million
20201,301$88.5 million$2.05 million$5.74 million
20211,231$98.5 million$2.37 million$9.27 million
20221,271$82.4 million$2.38 million$8.85 million
20231,282$94.5 million$2.48 million$8.39 million
20241,368$102.3 million$2.24 million$11.6 million

Team Industries, Inc. 401(k) Contact Information

Phone
218-694-3550
Mailing address
105 PARK AVE NW, BAGLEY MN 56621
Plan sponsor
TEAM INDUSTRIES HOLDING CORPORATION
Employer identification number (EIN)
41-1760698
Plan number
001

Questions about the Team Industries, Inc. 401(k)

Does Team Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.24 million, 33% of all contributions.

Does the Team Industries, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Team Industries, Inc 401(k) plan?

1,368 participants at the start of plan year 2024, 951 of them active employees, and 185 former employees who still had money in the plan.

What is the average 401(k) balance at Team Industries, Inc?

About $90,487 per account: $102.3 million in plan assets across 1,130 accounts with a balance at the end of plan year 2024.

Who manages the Team Industries, Inc 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Team Industries, Inc. How do I access my 401(k)?

Your account stays with Transamerica after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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