Global Growth Holdings, Inc. 401(k) Review & Grade
Global Growth Holdings, Inc. Profit Sharing Plan and Trust
Durham, NCInformation798 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$2,689Employee $ saved per active participant
1.34%Direct admin cost, % of plan assets
$22.3MNet plan assets, end of year
$22,578Average balance per account
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 3th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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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 ($218,311 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Global Growth Holdings put in about $1 per active participant, below the typical peer ($2,829). 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.
- Direct plan expenses (1.34% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $821 |
| Participant (employee) contributions | $2,146,018 |
| Other contributions (incl. rollovers in) | $309,381 |
| Administrative expenses paid from the plan | $287,727 |
| Investment advisory & management fees | $287,727 |
| Benefits paid out | $3,690,790 |
| Net assets, start / end of year | $20.8M / $22.3M |
| Active participants, start / end of year | 861 / 735 |
| Participants with account balances | 986 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Williams Overman Pierce LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $97,045 reported compensation |
| Alliant Insurance Services, Inc. | $82,663 reported compensation |
| Ubs Financial Services Inc | $63,798 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161904NAL0008008529001, received 2025-10-10, EIN 56-1996384, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.