Plan Snapshot
- Plan Sponsor: Glovis America, INC.
- Sponsor EIN: 061658107
- Sponsor Address: 18191 VON KARMAN AVE. SUITE 500, IRVINE, CA, 92612
- Plan Type: 401(k)
- Total Participants: 1,450
- Total Assets: $38.8M
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. |
|---|---|---|---|---|
| 2024 | 1,450 | $38.8M | $2.2M | $4.2M |
| 2023 | 1,287 | $29.7M | $1.7M | $3.2M |
| 2022 | 1,043 | $22.5M | $1.5M | $2.7M |
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 |
|---|---|---|---|---|
| WRIGHT FORD YOUNG & CO | Auditor | $21,000 | — | $21,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WRIGHT FORD YOUNG & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,000
- Estimated Expense Ratio: 0.054% 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 | $201,678 | $59,947 | $120,731 | $21,000 | — |
| 2023 | $141,307 | $47,767 | $93,540 | — | — |
| 2022 | $131,785 | $34,812 | $96,973 | — | — |