Globus Medical Inc. 401(k) Review & Grade
Globus Medical Inc. 401(k) Plan
Audubon, PAManufacturing2,786 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,234Employer $ per active participant
$7,948Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$233.4MNet plan assets, end of year
$70,498Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 41th |
| Employee saving | 67th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $150,757 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Globus Medical put in about $2,234 per active participant, below the typical peer ($3,452). 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.
- 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 | $6,225,219 |
| Participant (employee) contributions | $22,142,743 |
| Other contributions (incl. rollovers in) | $2,823,221 |
| Administrative expenses paid from the plan | $350,480 |
| Contract administrator fees | $300 |
| Other admin expenses | $63,654 |
| Benefits paid out | $30,951,829 |
| Net assets, start / end of year | $198.7M / $233.4M |
| Active participants, start / end of year | 2,261 / 3,311 |
| Participants with account balances | 3,311 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $264,853 reported compensation |
| Captrust | $63,654 reported compensation |
| Forvis Mazars, LLP | $20,592 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251024083108NAL0002159169001, received 2025-10-24, EIN 04-3744954, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.