CHAMPLIN TEAM LLC

contribution or discretionary non-elective employer contribution made for the plan year ended December 31, 2025. Contributions from Plan participants and the Company discretionary matching contributions are recorded in the plan year in which the participant contributions are withheld from compensation. 6 Table of Contents (d) Participant Accounts Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contribution, Company matching contribution and non-elective employer contributions, and the Plan’s earnings or losses net of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the parti

are payable in a time period that is greater than ten years . (h) Payment of Benefits On termination of service due to death, total disability or retirement, a participant becomes fully vested and may elect to receive the balance in his or her account. Normal retirement age under the Plan is 60. For termination of service for other reasons, a participant may receive the value of the vested interest in his or her account. Upon reaching age 59 1/2, a participant may elect a withdrawal from the participant’s employee deferral account and vested employer account. Upon furnishing proof of financial necessity, a participant is eligible for a hardship withdrawal from the participant’s employee deferral account. Benefits are payable in a lump-sum amount. The Plan requires automatic distribution of

executed; however, the Plan will be formally amended to adopt these provisions prior to December 31, 2026. Unless they affirmatively elect otherwise, newly eligible employees are automatically enrolled at a 6 % pre-tax deferral rate of eligible pay effective on their entry date to the Plan. Participants with a deferral rate greater than zero will have their deferral rate increased by 1 % annually each December 31 until a deferral rate of 10 % is reached. However, a participant’s deferral rate will not be automatically increased within the first six months following an automatic enrollment. Participants may elect to opt out of the automatic contribution increases. The Company may make a discretionary matching employer contribution calculated on a plan-year basis. The Company made a matchin

ble from participants 651,359 Total increase 96,123,340 Deductions from net assets available for benefits attributed to: Distributions and benefits paid to participants 53,264,361 Administrative fees 637,689 Total deductions 53,902,050 Net increase in net assets available for benefits 42,221,290 Beginning of year 357,238,371 End of year $ 399,459,661 See accompanying notes to financial statements. 5 Table of Contents TEAM, INC. SALARY DEFERRAL PLAN AND TRUST Notes to Financial Statements December 31, 2025 and 2024 (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