Plan Snapshot
- Plan Sponsor: Global Partners LP
- Sponsor EIN: 141924242
- Sponsor Address: 275 GROVE ST., NEWTON, MA, 02466
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 5,485
- Total Assets: $266.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 5,485 | $266.0M | $0 | $0 |
| 2024 | 5,111 | $232.7M | $5.9M | $13.4M |
| 2023 | 4,582 | $195.2M | $4.8M | $10.8M |
| 2022 | 3,847 | $162.2M | $4.3M | $9.5M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | $98,620 | — | $98,620 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,620
- Estimated Expense Ratio: 0.037% 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 |
|---|---|---|---|---|---|
| 2025 | $26,857,779 | — | $600 | — | — |
| 2024 | $24,808 | — | $1,200 | — | — |
| 2023 | $3,920 | — | — | — | — |
| 2022 | -$11,098 | — | — | — | — |