Plan Ledger DOL Form 5500 · updated monthly

Globalvcard LLC401(k)

GLOBALVCARD LLC 401K PLAN · BONITA SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Globalvcard LLC reported $38,474 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $3,670 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 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (1,924th of 3,644), and 4,112th of 4,798 in finance & insurance. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,711,201
Participants with balances203
Active participants183
Employer contributions$671,531
Employee contributions$970,895
Employer contribution per active participant$3,670
Average account balance$42,912
Benefits paid to participants$1,809,746
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Audit (IQPA)$38,474
Total administrative$38,474
The Globalvcard LLC 401(k) match · 2024
Employer contribution per active participant$3,670
Median for plans this size$1,313

Globalvcard LLC's 2024 employer contribution ran above the $1,313 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 · 20241
ADP RETIREMENT SERVICES · Recordkeeping$38,474

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

Administrative cost history1
2024$38,474 · 0.56%
Same employer
Similar plansFinance & Insurance · Florida
Crowne Consulting Group FL$9.3M · 1.13%
Bmi Financial Group, Inc. FL$9.2M · 0.12%
Insight Credit Union FL$9.1M · 0.79%
Sunz Holdings, LLC FL$8.7M · 0.03%
Axiom Bank FL$8.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455377944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.