Plan Snapshot
- Plan Sponsor: Globe Machine Manufacturing Company
- Sponsor EIN: 910235240
- Sponsor Address: PO BOX 2274, TACOMA, WA, 98401
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $11.2M
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 | 136 | $11.2M | $685,977 | $878,036 |
| 2023 | 134 | $11.4M | $596,226 | $823,339 |
| 2022 | 125 | $9.7M | $510,890 | $749,451 |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES | Investment Advisor | $28,232 | — | $28,232 |
| KESTRA ADVISORY SERVICES LLC | Other Service Provider | $26,249 | — | $26,249 |
| MOSS ADAMS | Auditor | $23,100 | — | $23,100 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $20,680 | — | $20,680 |
| HUNNEX AND SHOMAKER, INC. | Other Service Provider | $12,191 | — | $12,191 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,452
- Estimated Expense Ratio: 0.989% 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 | $107,853 | $107,853 | — | — | — |
| 2023 | $88,302 | $88,302 | — | — | — |
| 2022 | $70,051 | — | — | — | — |