Plan Ledger DOL Form 5500 · updated monthly

Global Industries, Inc.401(k)

GLOBAL INDUSTRIES, INC. 401(K) SAVINGS PLAN · MARLTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Global Industries, Inc. reported $83,930 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,770 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 0.24% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 576th-largest of 2,419 plans among New Jersey employers on file, and the 3,167th of 13,661 in manufacturing. In 2024, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,766,469
Participants with balances433
Active participants376
Employer contributions$1,041,439
Employee contributions$3,045,995
Employer contribution per active participant$2,770
Average account balance$114,934
Benefits paid to participants$2,433,577
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$49.8M · 433 accts · $1.0M emplr
2023$41.3M · 424 accts · $714K emplr
2022$34.5M · 421 accts · $365K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,657
Investment management$27,273
Total administrative$83,930
The Global Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,770
Median for plans this size$2,416
2024$2,770 per active participant
2023$1,989 per active participant
2022$1,032 per active participant

Global Industries, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$56,519
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Pension consulting$27,273
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history3
2024$83,930 · 0.18%
2023$70,703 · 0.19%
2022$91,552 · 0.24%
Same employer
Similar plansManufacturing · New Jersey
Hartz Mountain Corporation NJ$51.7M · 0.16%
Astrodyne Corporation NJ$51.5M · 0.17%
Ekaterra 401(K) Plan NJ$50.9M · 0.09%
Tris Pharma, Inc. NJ$49.7M · 0.16%
True Capital Partners, LLC NJ$49.2M · 0.22%
Sk Life Science, Inc. NJ$49.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520953534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.