Plan Ledger DOL Form 5500 · updated monthly

Global Technical Services, Inc.401(k)

TEAMGLOBAL 401(K) PLAN · FORT WORTH, TX · plan year 2023

Reported admin expense ratio · 2023
1.75%

Global Technical Services, Inc. reported $103,519 in plan administrative expenses for 2023: 1.75% of average plan assets, higher than ~90% of peers. 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 rose from 1.48% to 1.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (3,798th of 5,688), and 9,369th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$6,076,237
Participants with balances772
Active participants314
Employer contributions—
Employee contributions$323,115
Employer contribution per active participant—
Average account balance$7,871
Benefits paid to participants$778,215
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 689 accts · $154K emplr
2023$6.1M · 772 accts
2022$5.8M · 967 accts · $139K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$63,268
Investment management$10,000
Audit (IQPA)$16,480
Trustee / custodial$12,592
Total administrative$103,519
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 · 20234
TALENT TEAM, LLC · Recordkeeping$42,233
THE VANGUARD GROUP, INC. · Contract administrator · Recordkeeping$250
BOKF, NA · Investment management · Loan processing$44,556
WEAVER & TIDWELL · Accounting / audit$16,480

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

Recordkeeper by year2
2024TALENT TEAM, LLC
2023TALENT TEAM, LLC, Vanguard

This plan has changed recordkeepers within these filings. If you left Global Technical Services, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$117,885 · 1.95%
2023$103,519 · 1.75%
2022$94,671 · 1.48%
Similar plansProfessional & Technical Services · Texas
Flatland Holdings, Inc. TX$6.2M · 0.53%
Mercatalyst, Inc. TX$6.2M · 0.48%
Hro Resources TX$6.1M · 0.82%
Gene by Gene, LTD. TX$6.0M · 0.20%
Ordermygear LLC TX$6.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752299494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.