Plan Ledger DOL Form 5500 · updated monthly

Global Wireless, Inc.401(k)

GLOBAL WIRELESS 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Global Wireless, Inc. reported $99,347 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,163 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 rose from 0.84% to 0.96%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in South Dakota (127th of 233), and 7,595th of 11,654 in professional & technical services. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,330,380
Participants with balances312
Active participants273
Employer contributions$590,376
Employee contributions$897,952
Employer contribution per active participant$2,163
Average account balance$36,315
Benefits paid to participants$719,590
Plan auditUnmodified (clean) audit opinion
AuditorKROESE & KROESE
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 312 accts · $590K emplr
2023$9.3M · 314 accts · $607K emplr
2022$7.2M · 316 accts · $549K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,347
Total administrative$99,347
The Global Wireless, Inc. 401(k) match · 2024
Employer contribution per active participant$2,163
Median for plans this size$2,416
2024$2,163 per active participant
2023$2,223 per active participant
2022$1,996 per active participant

Global Wireless, Inc.'s 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$99,346
BROOKLIGHT PLACE SECURITIES, INC. · Other servicesindirect comp

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

Administrative cost history3
2024$99,347 · 0.96%
2023$76,442 · 0.93%
2022$63,260 · 0.84%
Same employer
Similar plansProfessional & Technical Services · South Dakota
Innovative Systems, LLC SD$46.5M · 0.21%
Ketel Thorstenson, LLP SD$35.5M · 0.32%
Primary Surgical, Inc. SD$26.7M · 0.29%
Carsforsale.com SD$7.3M · 0.85%
Tak Communications, Inc. SD$6.8M · 0.75%
Issues Management, Inc SD$5.9M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201677882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.