Back to top
FORM 5500 DATA

Team One Contract Services 401k Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan09/15/2004
  • Net Assets as of 12/31/2013 $4,688,993
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants601
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits89
  • Subtotal690
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total690
  • Total number of participants as of 01/01/2013565
  • Number of participants with account balances300
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address9635 Ventana Way Suite 202
  • CityAlpharetta
  • StateGA
  • Zip30022
  • Telephone(770) 232-9902
  • EIN20-0059104
  • Industry Code561300
  • Named AdministratorJerome Gray

Audit Information

  • Audit StatusAudited
  • AuditorConn & Company, LLC
  • Auditor EIN20-8229397
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $1,460,297
Contributions $811,447
Cash Contributions $811,447
Cash from Employers $350,382
Cash from Participants $461,065
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $642,036
Total Interest $6,034
Interest-Bearing Cash $8
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,026
Interest from Other Investments $0
Total Dividends $221,421
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $96,062
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $318,519
Other Income $6,814
Expenses $725,472
Total Benefit Payments $712,288
Directly to participants or beneficiaries, including direct rollovers $712,288
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $10,484
Interest expense $0
Total Administrative Expenses $2,700
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $2,700
Net Income $734,825
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $4,688,993 $3,954,168 18.58%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $108,464 $0 0.0%
Interest-bearing cash $108,464 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $198,520 $184,223 7.76%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,382,009 $3,769,945 16.24%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $4,688,993 $3,954,168 18.58%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Suntrust Investment Services Inc Other commissions, Finders' fees/placement fees Advisor $0 $19,471 $19,471
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $9,035 $9,035
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $2,600 $0 $2,600
Total $2,600 $28,506 $31,106

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Abdn Glb Nat Res R - Boston Financ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Abdn Intl Eq R - Boston Financial Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional All/B Disc Gr R - Alliancebernstei Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional All/B Disc Val R - Alliancebernste Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional All/Bern Smcp Grth R - Allianceber Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Am Cent Real Est R - American Cent Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Calamos Glb Equity R - Us Bancorp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Cba Mid Cap Core R - Boston Financ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Col Ca Mod Aggr R - Columbia Mgt I Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Col Sel Lg Cap Val R - Columbia Mg Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Fkln Sm Cap Grth R - Franklin Temp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Htfd Inflation Pl R3 - Hartford Ad Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Htfd Val Opps R3 - Hartford Admini Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Invs Eq-Wgt S&P500 R - Invesco Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ivy Mid Cap Growth R - Waddell & R Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional La Intl Opp R3 - Dst Systems, Inc. Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abt Sh Dtn Inc R3 - Dst Systems Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Nuveen Mdcp Index R3 - Boston Fina Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Nuveen Nwq S/M Cp R3 - Boston Fina Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Nuveen Nwq Smcp V R3 - Boston Fina Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Nuveen Strat Inc R3 - Boston Finan Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Nuveen Sy Lgcp Gr R3 - Boston Fina Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Opphmr Dev Mkts N - Ofi Global Ass Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Opphmr Global Opps N - Ofi Global Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Opphmr Gold Splmin N - Ofi Global Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Opphmr Intl Sm Co N - Ofi Global A Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pif Lgcp Grth I R1 - Principal Sha Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pif Smcp S&P 600 R1 - Principal Sh Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pioneer High Yield R - Pioneer Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pru/J Equity Opp R - Prudential Mu Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Putn Dyn Aa Bal R - Putnam Investo Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Putnam Cap Opps R - Putnam Investo Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Putnam Divers Inc R - Putnam Inves Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Royce Opportunity R - Boston Finan Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Tmpl Dev Mkts R - Franklin Templet Sub-transfer agency fees 0.25% $0
National Financial Services LLC Fa Freedom 2015 T - Fidelity Distr Finders' fees/placement fees --- $1,328
National Financial Services LLC Fa Freedom 2020 T - Fidelity Distr Finders' fees/placement fees --- $1,895
National Financial Services LLC Fa Freedom 2025 T - Fidelity Distr Finders' fees/placement fees --- $1,783
National Financial Services LLC Fa Freedom 2030 T - Fidelity Distr Finders' fees/placement fees --- $1,638
Suntrust Investment Services Inc National Financial Services LLC Finders' fees/placement fees --- $9,697
Suntrust Investment Services Inc National Financial Services LLC Other commissions --- $9,774
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Hartford Advantage Tk2 Hartford Life Insurance Company DFE: Pooled Separate Account $0
Hartford Advantage K2 Hartford Life Insurance Company DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Hartford Life Insurance Company 0
EIN 06-0974148
Industry Code 88072
Contract Number GA-804231
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Suntrust Investment Svcs 303 Peachtree Center Ave Atlanta, GA 30303 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP ANNUITY CONTRACT
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0