Globallogic Inc. 401(k) Review & Grade
Globallogic Inc. Retirement Trust
Santa Clara, CAProfessional, Scientific & Technical Services1,990 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,976Employer $ per active participant
$8,442Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$154.7MNet plan assets, end of year
$73,848Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 87th |
| Employee saving | 45th |
| Peers that auto-enroll | 48% |
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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
- Globallogic put in about $3,976 per active participant, more than the typical peer ($3,082). 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.
- 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 | $7,912,104 |
| Participant (employee) contributions | $16,800,393 |
| Other contributions (incl. rollovers in) | $3,480,204 |
| Administrative expenses paid from the plan | $70,910 |
| Benefits paid out | $13,728,209 |
| Net assets, start / end of year | $118.8M / $154.7M |
| Active participants, start / end of year | 1,763 / 2,217 |
| Participants with account balances | 2,095 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tillyus LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,910 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002133106NAL0000330147001, received 2025-10-02, EIN 54-1986789, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.