Plan Ledger DOL Form 5500 · updated monthly

Global Atlantic Financial Company401(k)

GLOBAL ATLANTIC FINANCIAL COMPANY 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Global Atlantic Financial Company reported $207,376 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $9,478 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other administrative & support services employers. By assets it is the 315th-largest of 5,648 plans among New York employers on file, and the 67th of 2,534 in administrative & support services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 1,356 to 1,624 since 2022.

Plan summary
Net assets, end of year$337,075,393
Participants with balances2,113
Active participants1,624
Employer contributions$15,392,294
Employee contributions$24,187,243
Employer contribution per active participant$9,478
Average account balance$159,525
Benefits paid to participants$30,502,536
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$337.1M · 2,113 accts · $15.4M emplr
2023$279.5M · 1,984 accts · $13.5M emplr
2022$214.8M · 1,743 accts · $11.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,997
Investment management$97,379
Total administrative$207,376
The Global Atlantic Financial Company 401(k) match · 2024
Employer contribution per active participant$9,478
Median for plans this size$4,294
2024$9,478 per active participant
2023$8,610 per active participant
2022$8,437 per active participant

Global Atlantic Financial Company's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$109,997
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$97,379

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$207,376 · 0.07%
2023$185,564 · 0.08%
2022$190,094 · 0.08%
Same employer
Similar plansAdministrative & Support Services · New York
Genpact, LLC NY$602.3M · 0.11%
Alcott HR Group, LLC NY$228.2M · 0.44%
Staffco of Brooklyn, LLC NY$154.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900928452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.