Plan Ledger DOL Form 5500 · updated monthly

Globalization Partners401(k)

GLOBALIZATION PARTNERS 401K PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Globalization Partners reported $28,939 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,992 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 0.07% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 878th-largest of 2,726 plans among Massachusetts employers on file, and the 389th of 2,534 in administrative & support services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 399 to 590 since 2022.

Plan summary
Net assets, end of year$36,682,845
Participants with balances753
Active participants590
Employer contributions$3,535,344
Employee contributions$7,245,797
Employer contribution per active participant$5,992
Average account balance$48,716
Benefits paid to participants$5,143,559
Plan auditUnmodified (clean) audit opinion
AuditorHFA CERTIFIED PUBLIC ACCOUNTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$36.7M · 753 accts · $3.5M emplr
2023$24.2M · 585 accts · $2.8M emplr
2022$12.3M · 391 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,860
Investment management$8,079
Total administrative$28,939
The Globalization Partners 401(k) match · 2024
Employer contribution per active participant$5,992
Median for plans this size$2,416
2024$5,992 per active participant
2023$5,913 per active participant
2022$4,472 per active participant

Globalization Partners's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,863
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,079

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$28,939 · 0.10%
2023$14,830 · 0.08%
2022$6,486 · 0.07%
Same employer
Similar plansAdministrative & Support Services · Massachusetts
Alku, LLC MA$65.3M · 0.31%
Veranex, Inc. MA$51.5M · 0.26%
Isaacson Miller MA$48.4M · 0.27%
Harvey Tool Company, LLC MA$36.4M · 0.50%
UG2, LLC MA$29.8M · 0.28%
Enterprise Associates, LLC MA$25.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475511100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.