Plan Ledger DOL Form 5500 · updated monthly

Global Benefits Group Inc.401(k)

GBG, INC. 401(K) PLAN · FOOTHILL RANCH, CA · plan year 2023

Reported admin expense ratio · 2023
0.56%

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

Global Benefits Group Inc. reported $70,618 in plan administrative expenses for 2023: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,640 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 has held roughly steady near 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,492nd-largest of 9,483 plans among California employers on file, and 3,554th of 4,798 in finance & insurance. In 2023, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,334,325
Participants with balances273
Active participants204
Employer contributions$946,613
Employee contributions$1,074,959
Employer contribution per active participant$4,640
Average account balance$52,507
Benefits paid to participants$1,594,743
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $241K emplr
2023$14.3M · 273 accts · $947K emplr
2022$10.9M · 274 accts · $980K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,656
Investment management$40,962
Total administrative$70,618
The Global Benefits Group Inc. 401(k) match · 2023
Employer contribution per active participant$4,640
Median for plans this size$2,440
2023$4,640 per active participant
2022$4,690 per active participant

Global Benefits Group Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$29,656
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$40,962

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$70,618 · 0.56%
2022$67,223 · 0.58%
Same employer
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Ladder Financial Inc. CA$15.5M · 0.03%
Mypoint Credit Union CA$14.9M · 0.48%
Community West Bancshares CA$14.7M · 0.51%
Velo-Payments Inc. CA$14.3M · 0.13%
Spherecommerce, LLC CA$14.2M · 0.11%
United Security Bank CA$14.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203842750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.