Plan Snapshot
- Plan Sponsor: Global Communities
- Sponsor EIN: 520846183
- Sponsor Address: 7700 WISCONSIN AVENUE SUITE 1100, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $42.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $42.7M | $2.2M | $1.5M |
| 2023 | 183 | $42.3M | $2.2M | $1.6M |
| 2022 | 168 | $36.9M | $1.7M | $1.5M |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES LLC DB | INVESTMENT ADVISOR | $90,309 | — | $90,309 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $8,199 | — | $8,199 |
| GELMAN ROSENBERG & FREEDMAN, CP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,508
- Estimated Expense Ratio: 0.230% 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 | $98,508 | $90,309 | — | — | — |
| 2023 | $116,752 | $85,084 | — | — | — |
| 2022 | $222,536 | $200,296 | $21,441 | — | — |