Plan Snapshot
- Plan Sponsor: Globalstar INC
- Sponsor EIN: 412116508
- Sponsor Address: 1351 HOLIDAY SQUARE BLVD, COVINGTON, LA, 70433
- Plan Type: 401(k)
- Total Participants: 302
- Total Assets: $53.3M
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 | 302 | $53.3M | $695,899 | $2.5M |
| 2023 | 262 | $46.5M | $509,892 | $2.1M |
| 2022 | 245 | $39.5M | $523,622 | $1.9M |
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 |
|---|---|---|---|---|
| EISNERAMPER, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EISNERAMPER, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $153,146 | $51,037 | — | — | — |
| 2023 | $158,397 | $31,368 | $116,889 | — | — |
| 2022 | $78,882 | $40,403 | $27,204 | — | $11,000 |