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Team One Contract Services
Plan RatingFORM 5500 DATA
Overview
Plan Information
- Plan Year01/01/2014 — 12/31/2014
- Date of Plan09/15/2004
- Net Assets as of 12/31/2014 $4,690,921
- 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 Arrangement Trust
- Plan Benefit Arrangement Trust
Participant Information as of 12/31/2014
- Active (Eligible) Participants810
- Retired or separated participants receiving benefits0
- Other retired or separated participants entitled to future benefits86
- Subtotal896
- Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
- Total897
- Total number of participants as of 01/01/2014690
- Number of participants with account balances308
- Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested24
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 AdministratorMary Ann Dimarzio
Audit Information
- Audit StatusAudited
- AuditorRESJ
- Auditor EIN58-2647076
- 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? | Yes | $87,436 |
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? | No | |
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? | No |
Financials
Income and Expense Statement
Income | $955,175 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expenses | $953,247 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Income | $1,928 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asset and Liability Statement
12/31/2014 | 12/31/2013 | Change YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Assets | $4,690,921 | $4,688,993 | 0.04% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Liabilities | $0 | $0 | 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Assets | $4,690,921 | $4,688,993 | 0.04% |
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 | Advisor | $0 | $17,832 | $17,832 |
Fidelity Investments Institutional | Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees | Recordkeeper | $3,438 | $0 | $3,438 |
Total | $3,438 | $17,832 | $21,270 |
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 - Bny Mellon In | 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 R - Ofi Global Ass | Sub-transfer agency fees | 0.25% | $0 |
Fidelity Investments Institutional | Opphmr Global Opps R - Ofi Global | Sub-transfer agency fees | 0.25% | $0 |
Fidelity Investments Institutional | Opphmr Gold Splmin R - Ofi Global | Sub-transfer agency fees | 0.25% | $0 |
Fidelity Investments Institutional | Opphmr Intl Sm Co R - 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 |
Suntrust Investment Services Inc | National Financial Services LLC | Other commissions | --- | $17,832 |
*As outlined by the Form 5500 Instructions for service providers with indirect compensation. |
Service Providers Who Fail or Refuse to Provide Information
Name | Nature of Service | Description of Information |
---|---|---|
Service Providers Who Fail or Refuse to Provide Information
Termination Information on Accountants and Enrolled Actuaries
Name | Position | Explanation |
---|---|---|
Conn & Company, LLC | Change In Auditing Firms |
Investments
Investments
No investments information available for this plan.
Insurance Information
Insurance Information
There are no insurance carriers listed for this plan.