Plan Snapshot
- Plan Sponsor: Globe Life INC.
- Sponsor EIN: 630780404
- Sponsor Address: 3700 S. STONEBRIDGE DR., MCKINNEY, TX, 750708080
- Plan Type: DB
- Total Participants: 2,060
- Total Assets: $590.9M
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 | 2,060 | $590.9M | $20.0M | $0 |
| 2023 | 2,000 | $547.3M | $40.0M | $0 |
| 2022 | 1,841 | $456.7M | $17.0M | $0 |
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 |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | $80,109 | — | $80,109 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,109
- Estimated Expense Ratio: 0.014% 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 | $827,900 | $2,347 | — | $80,109 | — |
| 2023 | $702,509 | $36,756 | — | $36,700 | — |
| 2022 | $463,631 | $50,843 | — | — | — |