Globe Life Inc. 401(k) Review & Grade
Globe Life Inc. Savings and Investment Plan
Mckinney, TXManagement of Companies2,751 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,932Employer $ per active participant
$5,216Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$258.5MNet plan assets, end of year
$93,811Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 45th |
| Employee saving | 27th |
| Peers that auto-enroll | 58% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Globe Life put in about $1,932 per active participant, below the typical peer ($3,455). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,315,525 |
| Participant (employee) contributions | $14,348,150 |
| Other contributions (incl. rollovers in) | $984,420 |
| Administrative expenses paid from the plan | $365,649 |
| Benefits paid out | $37,870,374 |
| Net assets, start / end of year | $251.9M / $258.5M |
| Active participants, start / end of year | 2,686 / 2,816 |
| Participants with account balances | 2,756 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $37,896,847 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $214,511 reported compensation |
| Empower Advisory Group, LLC | $85,204 reported compensation |
| Regions Bank DBA Regions Trust | $29,413 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828143045NAL0010537985001, received 2025-08-28, EIN 63-0780404, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.