Global Atlantic Financial Company 401(k) Review & Grade
Global Atlantic Financial Company 401(k) Plan
New York, NYAdministrative, Support & Staffing Services1,596 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,647Employer $ per active participant
$15,160Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$337.1MNet plan assets, end of year
$159,525Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 82th |
| Employee saving | 100th |
| Peers that auto-enroll | 27% |
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
Corrective distributions: the plan refunded $58,285 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Global Atlantic Financial put in about $9,647 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $15,392,294 |
| Participant (employee) contributions | $24,187,243 |
| Other contributions (incl. rollovers in) | $3,666,212 |
| Administrative expenses paid from the plan | $207,376 |
| Investment advisory & management fees | $97,379 |
| Benefits paid out | $30,502,536 |
| Net assets, start / end of year | $279.5M / $337.1M |
| Active participants, start / end of year | 1,567 / 1,624 |
| Participants with account balances | 2,113 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $109,997 reported compensation |
| Strategic Advisors, Inc. | $97,379 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134453NAL0009895570001, received 2025-10-15, EIN 90-0928452, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.