Retirement plan

GLOBOFORCE, INC. 401(K) PLAN

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

GLOBOFORCE, INC.EIN 20-8734194Plan #001PY 2024

100 STAPLES DRIVE - FRAMINGHAM, MA 01702508-229-1500LinkedIn201-500 employeeshuman resources

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$55.8M

+20.9% from 2023

Total participants

586

+5.8% from 2023

Average account balance

$100,284

+11.8% from 2023

Annual return

18.36%

-6.94 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.76M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

556

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY10+ years Service code 55 · EIN 26-4310632	Other Commissions	$121,142
RSM US LLP3 years Service code 10 · EIN 42-0714325	Accounting	$27,825
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$85,513

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$30K

$68 / participant

Recordkeeping$2K7.7%
Other / not subdivided$28K92.3%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSMUS LLP
Auditor EIN: 420714325
Audit fees: $27,825
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,284

$106,230-5.6%

$147,080-31.8%

$77,736+29.0%

Participation rate

93.2%

78.4%+14.8pp

82.2%+11.0pp

70.6%+22.6pp

Annual return

18.36%

56.91%-38.6pp

420.17%-401.8pp

31.26%-12.9pp

Employer contribution / active EE

$5,016

$4,072+23.2%

$4,933+1.7%

$2,728+83.9%

Participant deferral / active EE

$12,468

$8,001+55.8%

$8,066+54.6%

$4,651+168.1%

Admin fee / account holder

$54

$338-84.0%

$12,989-99.6%

$433-87.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY10+ years

Service code 55 · EIN 26-4310632

Other Commissions

$121,142

RSM US LLP3 years

Service code 10 · EIN 42-0714325

Accounting

$27,825

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$85,513

GLOBOFORCE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBOFORCE, INC. 401(K) 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