# Glovis America, INC. 401(k) Plan
Source: https://planprovider.pro/companies/glovis-america-inc-401k-plan

> Glovis America, INC.'s 401(k) plan: 1,450 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/wright-ford-young-and-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|—|—|

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