Company: TISI
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000318833-25-000050
Chunk: 12

Company: TEAM INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 12
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 Fund, which is discussed further in Note (2) – Summary of Significant Accounting Policies, and is measured at fair value using the NAV per share (or its equivalent) as a practical expedient. Therefore, this has not been categorized in the fair

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value hierarchy, but is presented in this table to permit reconciliation of the amounts categorized in the fair value hierarchy to the amounts presented on the statements of net assets available for benefits.

(7) Delinquent Participant Contributions

During 2019, 2020, 2021 and 2023, there were unintentional delays by the Company in submitting participant contributions and loan repayments in the aggregate amount of $7,438,063. During 2024, the Company processed corrections under the Department of Labor’s Voluntary Fiduciary Correction Program (“VFCP”) for $182,000. The Company is in the process of calculating the required corrections to compensate the affected participants for lost earnings for the remaining $7,256,063. Once all lost earnings are remitted, the Company will complete the VFCP filing.

(8) Subsequent Events

The Plan was amended effective January 2, 2025 to allow participants to contribute up to 75% of their after-tax eligible pay. The amendment also allows in-plan Roth rollover contributions and in-plan Roth conversions for participants still employed by the Company. No other items requiring additional disclosures or adjustments of the financial statements were identified. Subsequent events have been evaluated for potential recognition and disclosure through June 20, 2025, the date the Plan financial statements were available to be issued.

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#### TEAM, INC. SALARY DEFERRAL PLAN AND TRUST

#### EIN # 74-1765729, Plan # 002
<div align='center'>Schedule H, Line 4a – Schedule of Delinquent Participant Contributions</div>

#### For the Year Ended December 31, 2024
| Participant Contributions Transferred Late to the Plan        
 Check here if Late Participant Loan Repayments are included:x |     |           |     | Total that Constitute Nonexempt Prohibited Transactions 
 Contributions Not Corrected                             |     |           |     | Contributions Corrected Outside VFCP |     | Contributions Pending Correction in VFCP |     |         |     | Total Fully Corrected Under VFCP and PTE 2002-51 |     |   |
|:------------------------------------------------