Plan Snapshot
- Plan Sponsor: Globus Medical INC.
- Sponsor EIN: 043744954
- Sponsor Address: 2560 GENERAL ARMISTEAD AVENUE, AUDUBON, PA, 19403
- Plan Type: 401(k)
- Total Participants: 3,311
- Total Assets: $233.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 3,311 | $233.4M | $6.2M | $22.1M |
| 2023 | 2,261 | $198.7M | $6.1M | $19.5M |
| 2022 | 2,164 | $150.5M | $5.5M | $16.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $264,853 | — | $264,853 |
| CAPTRUST | INVESTMENT ADVISOR | $63,654 | — | $63,654 |
| FORVIS MAZARS, LLP | ACCOUNTANT/AUDITOR | $20,592 | — | $20,592 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CAPTRUST — INVESTMENT ADVISOR
- FORVIS MAZARS, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $349,099
- Estimated Expense Ratio: 0.150% 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 | $350,480 | — | $300 | $22,167 | — |
| 2023 | $291,846 | $102,310 | — | $19,738 | — |
| 2022 | $241,435 | — | — | — | — |