# Global Aerospace, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/global-aerospace-inc-826791841-501

> Global Aerospace, INC.'s Health & Welfare plan: 46 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Global Aerospace, INC.

- **Sponsor EIN:** 826791841

- **Sponsor Address:** 115 TABOR ROAD, STE. 3A, MORRIS PLAINS, NJ, 07950

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 46

- **Total Assets:** $2.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|46|$2.0M|$48,574|$49,464|

| 2023|48|$2.6M|$446,539|$52,743|

| 2022|50|$2.6M|$34,165|$62,972|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FOVIS MAZARS, LLP|Other Service Provider|$38,480|—|$38,480|

| AETNA LIFE INSURANCE|Other Service Provider|$15,485|—|$15,485|

| OPTUM HEALTH FINANCIAL SERVICES|Other Service Provider|$5,415|—|$5,415|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $59,380

- **Estimated Expense Ratio:** 3.041% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$74,315|—|$20,900|$38,480|—|

| 2023|$79,535|—|$24,977|$37,440|—|

| 2022|$78,591|—|—|—|$38,381|

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