Company: TISI
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000318833-25-000050
Chunk: 3

Company: TEAM INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 3
---
 |     |   |             |
|:-----------------------------------------------------------------|:----|:--|------------:|
| Interest and dividends                                           |     | $ |  11,546,913 |
| Net change in fair value of investments                          |     |   |  35,534,603 |
| Total investment income                                          |     |   |  47,081,516 |
| Contributions:                                                   |     |   |             |
| Participant contributions                                        |     |   |  23,209,405 |
| Company contributions                                            |     |   |   6,017,838 |
| Participant rollover contributions                               |     |   |   1,758,273 |
| Total contributions                                              |     |   |  30,985,516 |
| Interest income on notes receivable from participants            |     |   |     540,122 |
| Total increase                                                   |     |   |  78,607,154 |
| Deductions from net assets available for benefits attributed to: |     |   |             |
| Distributions and benefits paid to participants                  |     |   |  45,412,066 |
| Administrative fees                                              |     |   |     100,101 |
| Total deductions                                                 |     |   |  45,512,167 |
| Net increase in net assets available for benefits                |     |   |  33,094,987 |
| Beginning of year                                                |     |   | 324,143,384 |
| End of year                                                      |     | $ | 357,238,371 |

<div align='center'>See accompanying notes to financial statements.

5</div>

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

### Notes to Financial Statements

#### December 31, 2024 and 2023
(1) Description of the Plan

The following description of the Team, Inc. Salary Deferral Plan and Trust (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

(a) General

The Plan is a defined contribution plan established October 1, 1984 to cover all eligible employees of Team, Inc. (“Team”) and other adopting employers in the United States (variously, the “Company”, “we” and “our”). The Plan is administered by the Investment Committee (the “Plan Administrator”) appointed by the Board of Directors of Team. The Board of Directors of