Plan Ledger DOL Form 5500 · updated monthly

Global Market Innovators Inc401(k)

GLOBAL MARKET INNOVATORS INC 401(K) PROFIT SHARING PLAN & TRUST · PHOENIX, AZ · plan year 2022

Reported admin expense ratio · 2022
1.06%

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

Global Market Innovators Inc reported $18,621 in plan administrative expenses for 2022: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,220 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Arizona (1,058th of 1,285), and 10,865th of 11,654 in professional & technical services. In 2022, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,018,329
Participants with balances96
Active participants122
Employer contributions$270,860
Employee contributions$520,675
Employer contribution per active participant$2,220
Average account balance$21,024
Benefits paid to participants$456,547
Plan auditUnmodified (clean) audit opinion
AuditorPRICE KONG & CO CPAS PA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,069
Investment management$9,552
Total administrative$18,621
The Global Market Innovators Inc 401(k) match · 2022
Employer contribution per active participant$2,220
Median for plans this size$1,114

Global Market Innovators Inc's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$18,621 · 1.06%
Similar plansProfessional & Technical Services · Arizona
Protex AZ$2.4M · 0.57%
Bluemedia, Inc. AZ$2.3M · 0.95%
J.P. Industries, Inc. AZ$2.0M · 1.10%
Ghr Limited AZ$1.9M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860914329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.