Plan Snapshot
- Plan Sponsor: Global Connections To Employment, INC.
- Sponsor EIN: 472592811
- Sponsor Address: 1221 W. LAKEVIEW AVE., PENSACOLA, FL, 32501
- Plan Type: 401(k)
- Plan Number: 540
- Total Participants: 1,619
- Total Assets: $3.7M
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 | 1,619 | $3.7M | $6.5M | $1.3M |
| 2023 | 1,455 | $4.7M | $7.6M | $1.3M |
| 2022 | 1,382 | $1.9M | $1.6M | $8.6M |
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 |
|---|---|---|---|---|
| GSA NATIONAL | Recordkeeper | $481,162 | — | $481,162 |
| NEW BENEFITS LTD | Other Service Provider | $76,882 | — | $76,882 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $558,044
- Estimated Expense Ratio: 14.897% 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 | $566,258 | — | $481,162 | — | — |
| 2023 | $550,039 | — | $412,443 | — | — |
| 2022 | $465,113 | — | — | — | $465,113 |