Plan Ledger DOL Form 5500 · updated monthly

Global Widget, LLC401(k)

GLOBAL WIDGET, LLC 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Global Widget, LLC reported $25,921 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $999 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 0.79% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,646th of 3,644), and 11,646th of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,189,813
Participants with balances118
Active participants248
Employer contributions$247,755
Employee contributions$409,345
Employer contribution per active participant$999
Average account balance$35,507
Benefits paid to participants$446,921
Plan auditUnmodified (clean) audit opinion
AuditorKELLY PARTNERS FRS ATTEST SERVICES
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 118 accts · $248K emplr
2023$3.5M · 120 accts · $245K emplr
2022$2.5M · 140 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,921
Total administrative$25,921
The Global Widget, LLC 401(k) match · 2024
Employer contribution per active participant$999
Median for plans this size$1,313
2024$999 per active participant
2023$1,090 per active participant
2022$1,083 per active participant

Global Widget, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
TRANSAMERICA LIFE INSURANCE CO. · Recordkeeping · Loan processing$23,926

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

Recordkeeper by year2
2024Transamerica
2023FLORIDA RETIREMENT CONSULTANTS, Transamerica

This plan has changed recordkeepers within these filings. If you left Global Widget, LLC 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$25,921 · 0.68%
2023$23,249 · 0.78%
2022$20,646 · 0.79%
Same employer
Similar plansManufacturing · Florida
Gmf Construction LLC FL$4.4M · 0.42%
Cisneros Ventures LLC FL$4.2M · 0.07%
Arnet Pharmaceutical Corp FL$4.1M · 0.29%
Morton Electric, Inc. FL$4.0M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812430361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.