Retirement plan

GLOBEX INTERNATIONAL, INC 401(K) PROFIT SHARING PLAN

Name: GLOBEX INTERNATIONAL, INC. - GLOBEX INTERNATIONAL, INC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GLOBEX INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBEX INTERNATIONAL, INC 401(K) PROFIT SHARING PLAN, GLOBEX INTERNATIONAL, INC.

GLOBEX INTERNATIONAL, INC.EIN 04-3836834Plan #001PY 2024

570 LEXINGTON AVE, 15TH FLOOR - NEW YORK, NY 10022212-308-2300globexinternationaltrade.comLinkedIn1-10 employeesinternational trade and development

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$6.5M

+17.9% from 2023

Total participants

+2.8% from 2023

Average account balance

$179,802

-11.5% from 2023

Annual return

15.26%

-7.79 pp from 2023

Benchmarks

See 8,993 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,993 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$6.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$180K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$298

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$325 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$179,802

$101,795+76.6%

$165,100+8.9%

$80,959+122.1%

Participation rate

97.0%

71.8%+25.1pp

78.6%+18.3pp

67.7%+29.3pp

Annual return

15.26%

16.73%-1.5pp

70.21%-55.0pp

35.67%-20.4pp

Employer contribution / active EE

$308

$2,954-89.6%

$4,348-92.9%

$2,757-88.8%

Participant deferral / active EE

$4,205

$4,476-6.0%

$6,035-30.3%

$4,300-2.2%

Admin fee / account holder

$298

$8,221-96.4%

$12,696-97.7%

$6,925-95.7%

GLOBEX INTERNATIONAL, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBEX INTERNATIONAL, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion