Global Payments Inc. 401(k) Review & Grade
Global Payments Inc. 401(k) Plan
Alpharetta, GAFinance & Insurance13,373 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,077Employer $ per active participant
$7,776Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.3BNet plan assets, end of year
$142,654Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 79th |
| Employee saving | 27th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,547,395 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $59,239 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Global Payments put in about $4,077 per active participant, below the typical peer ($5,179). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $54,523,300 |
| Participant (employee) contributions | $103,990,383 |
| Other contributions (incl. rollovers in) | $15,743,156 |
| Administrative expenses paid from the plan | $827,084 |
| Contract administrator fees | $6,000 |
| Investment advisory & management fees | $170,582 |
| Other admin expenses | $12,490 |
| Benefits paid out | $247,556,074 |
| Net assets, start / end of year | $2.1B / $2.3B |
| Active participants, start / end of year | 13,572 / 13,174 |
| Participants with account balances | 16,403 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett LLC |
| Employer stock held by plan | $15,932,992 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $593,499 reported compensation |
| Nepc, LLC | $170,582 reported compensation |
| Smith & Howard, PC | $33,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715154408NAL0002388449001, received 2025-07-15, EIN 58-2567903, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.