401(k) · DOL Form 5500 · 2023

Team Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$95M
Total assets Below avg plan size
1,038
Participants Near avg headcount
91st
Percentile by assets National rank
$91,079
Avg per participant Below avg balance/head
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Official DOL plan name: Team Industries 401(k) Plan · Sponsored by Team Industries, Inc. · Minnesota · Manufacturing

$95M in assets, 1,038 participants

Team Industries, Inc.'s Team Industries 401(k) Plan reported $95M in total assets and 1,038 participants in its 2023 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #16,149 in Manufacturing (18,722 peers)

Where Team Industries 401(k) Plan sits by assets

Team Industries 401(k) Plan sits in the top 10% of all filed plans by assets, $95M for 1,038 participants (~$91,079/participant), up 14.7% in 2023.

#16,149
in Manufacturing (18,722 peers)
+14.7%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Team Industries 401(k) Plan's outsized position by total assets

Team Industries 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$94,539,641 Top 9% higher than 91% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Team Industries 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Team Industries 401(k) Plan lands in the large band (1,038 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Team Industries 401(k) Plan reported net income rose from -$16M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Team Industries 401(k) Plan end-of-year assets rose from $82M in the plan year 2022 filing to $95M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411760698 · Team Industries, Inc. PY 2023 · 401(k)

Team Industries 401(k) Plan · $95M · 1,038 · 91st

  • BOY $95M
  • SCH 1,038
  • EBSA 91st
  • PART 401(k)
  • TYPE near Ensign United States Drilling Inc. 401(k) Profit Sharing Plan
  • NET ind #16149

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Team Industries 401(k) Plan in the asset neighbourhood

Ensign United States Drilling Inc. 401(k) Profit Sharing PlanEnsign United States Drillin…$95MTeam Industries 401(k) Plan$95MMartin's Famous Pastry Shoppe, Inc. 401(k) Profit Sharing PlanMartin's Famous Pastry Shopp…$95MThe 401(k) Retirement Plan for Employees of theThe 401(k) Retirement Plan f…$94MUltradent Products, Inc. 401(k) PlanUltradent Products, Inc. 401…$94M
End-of-year total assets ($M) among Team Industries 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$82M
Net Assets (End of Year)$95M
Net Income$12M
Employer EIN411760698
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Team Industries, Inc.)

Sponsor-wide plan assets over time

All Team Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$165M 5.145492138113125% vs 2022
2024 filing year
$155M$160M$165M$170M 202220232024 $157M $165M ▲ +5.1%
Year Plans Participants Total Assets
2022 2 1,933 $157M
2023 2 1,935 $163M
2024 2 1,929 $165M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Team Industries 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Team Industries 401(k) Plan, Total assets ($B): 0.094539641 · Participants: 1038Team Industries 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Team Industries 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Team Industries 401(k) Plan side-by-side with 3 peers →

Team Industries 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Ensign United States Drilling Inc. 401(k) Profit Sharing Plan in TX ($95M); by covered participants it is Sunflower Bank, N.a. Wealth Savings Plan in KS (1,038 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,038 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Team Industries 401(k) Plan assets move in 2023? ▼
Team Industries 401(k) Plan grew at a solid clip - up 14.7% during 2023, from $82M to $95M. Reported net income was $12M.
How have Team Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Team Industries, Inc.'s sponsor-wide assets grew 5.1%, from $157M to $165M.
Where does Team Industries 401(k) Plan rank by assets among Form 5500 filers? ▼
Team Industries 401(k) Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Team Industries 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ensign United States Drilling Inc. 401(k) Profit Sharing Plan in TX ($95M, 2,154 participants).
Which 401(k) plans cover a similar participant headcount to Team Industries 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sunflower Bank, N.a. Wealth Savings Plan in KS (1,038 participants, $100M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411760698.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.