Profit Sharing · DOL Form 5500 · 2023

Team 5, Inc. Profit Sharing Plan

Data updated 2026-08-25

$343
Total assets Small plan by assets
14
Participants Small participant base
0th
Percentile by assets National rank
$25
Avg per participant Low balance/head
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Official DOL plan name: Team 5, Inc. Retirement Plan · Sponsored by Team 5, Inc. · North Carolina · Professional & Technical Services

$343 in assets, 14 participants

Team 5, Inc.'s Team 5, Inc. Retirement Plan reported $343 in total assets and 14 participants in its 2023 DOL Form 5500 filing, ranking in the 0th 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.

  • #50 in Professional & Technical Services (20,321 peers)

Team 5, Inc. multi-year trail

Team 5, Inc.'s plans moved -99.9% in assets from 2022 to 2023; this filing shows Team 5, Inc. Retirement Plan at $343 / 14 participants.

#50
in Professional & Technical Services (20,321 peers)
-99.9%
assets change YoY

The plan reported a net loss of $594K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Team 5, Inc. Retirement Plan among the smaller filed plans by assets

Team 5, Inc. Retirement Plan vs every filed plan by assets

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

$343 0th percentile higher than 0% 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 5, Inc. Retirement Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Team 5, Inc. Retirement Plan is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Team 5, Inc. Retirement Plan reported net income fell from -$96K in the plan year 2022 filing to -$594K in the plan year 2023 filing.
  • Team 5, Inc. Retirement Plan end-of-year assets fell from $594K in the plan year 2022 filing to $343 in the plan year 2023 filing.
  • Team 5, Inc. Retirement Plan reported participants rose from 11 in the plan year 2022 filing to 14 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 822300998 · Team 5, Inc. PY 2023 · Profit Sharing

Team 5, Inc. Retirement Plan · $343 · 14 · 0th

  • EBSA $343
  • EBSA 14
  • EBSA 0th
  • EBSA Profit Sharing
  • EBSA near Southern Heart and Soul Inc. Retirement Plan
  • EBSA ind #50

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Team 5, Inc. Retirement Plan in the asset neighbourhood

Team 5, Inc. Retirement Plan$343Southern Heart and Soul Inc. Retirement PlanSouthern Heart and Soul Inc.…$349Cahill Business Group Inc. Retirement PlanCahill Business Group Inc. R…$355William F Walsh Retirement PlanWilliam F Walsh Retirement P…$355H&s Haircutters, Inc. Retirement PlanH&s Haircutters, Inc. Retire…$329
End-of-year total assets ($M) among Team 5, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Team 5, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Team 5, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$343 99.94226318225813% vs 2022
2023 filing year
$0M$0.2M$0.4M$0.6M$0.8M 20222023 $0.59M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 11 $594K
2023 2 16 $343

Team 5, Inc. filing trail (2023)

Total Assets (Beginning of Year)$594K
Net Assets (End of Year)$343
Net Income-$594K
Employer EIN822300998
Plan Effective Date2017-08-23
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in North Carolina

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Team 5, Inc. Retirement Plan vs. nearby Profit Sharing plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Team 5, Inc. Retirement Plan, Total assets ($B): 3.43e-7 · Participants: 14Team 5, Inc. Retirement PlanTax Deferred Savings Plan of Novant Health, Inc., Total assets ($B): 2.233437356 · Participants: 36057Tax Deferred Savings Plan of Novant Health, Inc.Charter Communications, Inc. Retirement Accumulation Plan, Total assets ($B): 1.269819278 · Participants: 96058Charter Communications, Inc. Retirement Accumulation PlanFirsthealth of the Carolinas, Inc. Retirement Growth Plan, Total assets ($B): 0.108343803 · Participants: 5519Firsthealth of the Carolinas, Inc. Retirement Growth PlanBaker & Taylor Retirement Savings Plan, Total assets ($B): 0.06687568 · Participants: 1361Baker & Taylor Retirement Savings PlanIntermec Fssp Spinoff Plan, Total assets ($B): 0.050896422 · Participants: 74Intermec Fssp Spinoff Plan
Team 5, Inc. Retirement Plan vs. nearby Profit Sharing plans in North Carolina, assets vs. participants
Compare Team 5, Inc. Retirement Plan side-by-side with 3 peers →

Team 5, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside North Carolina, the nearest Profit Sharing by assets is Southern Heart and Soul Inc. Retirement Plan in SC ($349); by covered participants it is Three Cities Management LLC Retirement Plan in NY (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 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 5, Inc. Retirement Plan assets move in 2023? ▼
Team 5, Inc. Retirement Plan contracted severely - down 99.9% during 2023, from $594K to $343. Reported net income was -$594K.
How have Team 5, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Team 5, Inc.'s sponsor-wide assets declined 99.9%, from $594K to $343.
Where does Team 5, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Team 5, Inc. Retirement Plan ranks in the 0th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Team 5, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Southern Heart and Soul Inc. Retirement Plan in SC ($349, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Team 5, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Three Cities Management LLC Retirement Plan in NY (14 participants, N/A 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 822300998.

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.