Plan Ledger DOL Form 5500 · updated monthly

Global Growth Holdings, Inc.401(k)

GLOBAL GROWTH HOLDINGS, INC. PROFIT SHARING PLAN AND TRUST · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
1.34%

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

Global Growth Holdings, Inc. reported $287,727 in plan administrative expenses for 2024: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1 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 1 year on file its reported administrative ratio fell from 1.49% to 1.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 685th-largest of 2,005 plans among North Carolina employers on file, and the 964th of 2,199 in information & media. In 2024, employees put in $2613.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,261,605
Participants with balances986
Active participants735
Employer contributions$821
Employee contributions$2,146,018
Employer contribution per active participant$1
Average account balance$22,578
Benefits paid to participants$3,690,790
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE LLP
Plan history2
Yearassets · accounts · employer contribution
2024$22.3M · 986 accts · $821 emplr
2023$20.8M · 1,038 accts · $418K emplr
Administrative expenses, itemized · 2024
Investment management$287,727
Total administrative$287,727
The Global Growth Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1
Median for plans this size$2,416
2024$1 per active participant
2023$469 per active participant

Global Growth Holdings, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$97,045
ALLIANT INSURANCE SERVICES, INC. · Contract administrator · Other services$71,994
UBS FINANCIAL SERVICES INC · Pension consulting · Investment advisory (plan)$63,798
WILLIAMS OVERMAN PIERCE · Accounting / audit$48,925
NELSON MULLINS · Legal$5,966

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

Administrative cost history2
2024$287,727 · 1.34%
2023$382,115 · 1.49%
Same employer
Similar plansInformation & Media · North Carolina
Telit Iot Solutions, Inc. NC$25.1M · 0.02%
Technology Partners, LLC NC$16.2M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561996384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.