401k Record

Employers › GLOBALFOUNDRIES U.S.

GLOBALFOUNDRIES U.S. 401(k)

Recordkeeping fees per participant · Globalfoundries U.S. Inc. 401(k) Plan · plan year 2024

$40.60

Higher than 66% of the 790 plans over $1B that report it.

Source

= $331,389 / 8,162
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008132815NAL0005911969001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008132815NAL0005911969001, received 2025-10-08

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.

Cost and contributions

Administrative expenses excluding investment management, per participant

$51.78

10th: $9.43median $44.4790th: $97.55

Higher than 61% of the 1,045 plans over $1B that report it.

Source

= $422,609 / 8,162
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008132815NAL0005911969001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008132815NAL0005911969001, received 2025-10-08

Administrative expenses per participant

$65.22

10th: $24.33median $70.0390th: $174.36

Higher than 47% of the 1,076 plans over $1B that report it.

Source

= $532,359 / 8,162
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008132815NAL0005911969001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008132815NAL0005911969001, received 2025-10-08

Administrative expenses as a share of assets

0.043%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 46% of the 1,076 plans over $1B that report it.

Source

= $532,359 / $1,248,379,565
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008132815NAL0005911969001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008132815NAL0005911969001, received 2025-10-08

Employer contributions per participant

$2,797

10th: $1,442median $3,74490th: $8,760

Higher than 34% of the 1,135 plans over $1B that report it.

Source

= $22,828,866 / 8,162
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008132815NAL0005911969001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008132815NAL0005911969001, received 2025-10-08

Employer share of total contributions

30.2%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 40% of the 1,135 plans over $1B that report it.

Source

= $22,828,866 / $75,629,685
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008132815NAL0005911969001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008132815NAL0005911969001, received 2025-10-08

Plan terms, as stated in GLOBALFOUNDRIES U.S. Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008132815NAL0005911969001, received 2025-10-08

Full record, Globalfoundries U.S. Inc. 401(k) Plan

FieldValueSource
Plan sponsorGLOBALFOUNDRIES U.S. INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008132815NAL0005911969001, received 2025-10-08
Plan nameGLOBALFOUNDRIES U.S. INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251008132815NAL0005911969001, received 2025-10-08
Sponsor EIN / plan number26-3122131 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008132815NAL0005911969001, received 2025-10-08
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008132815NAL0005911969001, received 2025-10-08
Sponsor locationSANTA CLARA, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008132815NAL0005911969001, received 2025-10-08
Industry (business code)334410, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008132815NAL0005911969001, received 2025-10-08
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008132815NAL0005911969001, received 2025-10-08
Filing received2025-10-08Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008132815NAL0005911969001, received 2025-10-08
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008132815NAL0005911969001, received 2025-10-08
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251008132815NAL0005911969001, received 2025-10-08
Participants, beginning of year8,801Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008132815NAL0005911969001, received 2025-10-08
Active participants4,786Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008132815NAL0005911969001, received 2025-10-08
Participants, end of year8,405Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008132815NAL0005911969001, received 2025-10-08
Participants with an account balance8,162Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008132815NAL0005911969001, received 2025-10-08
Total assets, beginning of year$1,141,291,680Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008132815NAL0005911969001, received 2025-10-08
Total assets, end of year$1,248,379,565Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008132815NAL0005911969001, received 2025-10-08
Net assets, end of year$1,248,379,565Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008132815NAL0005911969001, received 2025-10-08
Total income$230,753,635Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008132815NAL0005911969001, received 2025-10-08
Net income$107,087,885Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008132815NAL0005911969001, received 2025-10-08
Employer contributions$22,828,866Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008132815NAL0005911969001, received 2025-10-08
Participant contributions$49,037,116Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008132815NAL0005911969001, received 2025-10-08
Other contributions (incl. rollovers)$3,763,703Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008132815NAL0005911969001, received 2025-10-08
Total contributions$75,629,685Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008132815NAL0005911969001, received 2025-10-08
Benefit payments$122,797,137Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008132815NAL0005911969001, received 2025-10-08
Total expenses (incl. benefit payments)$123,665,750Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008132815NAL0005911969001, received 2025-10-08
Total administrative expenses$532,359Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008132815NAL0005911969001, received 2025-10-08
Recordkeeping fees$331,389Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008132815NAL0005911969001, received 2025-10-08
IQPA audit fees$64,710Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008132815NAL0005911969001, received 2025-10-08
Investment advisory and management fees$109,750Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008132815NAL0005911969001, received 2025-10-08
Administrative expenses excluding investment management$422,609derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008132815NAL0005911969001, received 2025-10-08
Held in common/collective trusts$745,353,866Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008132815NAL0005911969001, received 2025-10-08
Held in mutual funds$480,737,459Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008132815NAL0005911969001, received 2025-10-08
Independent auditorBAKER TILLY US, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008132815NAL0005911969001, received 2025-10-08

Position = column in the DOL layout for form year 2024. Filing 20251008132815NAL0005911969001, received 2025-10-08.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ANNUITY INSURANCE COMPANYrecordkeeperRECORDKEEPER 64 Recordkeeping fees $331,389yes
MMA SECURITIES LLCINVESTMENT ADVISOR 27 Investment advisory (plan) $109,750no
MOSS ADAMS LLPAUDITOR 10 Accounting (including auditing) $64,710no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008132815NAL0005911969001, received 2025-10-08.

What changed since the 2023 plan year

Figure20232024Change
Total assets$1,141,291,680$1,248,379,5659.4%
Participants with a balance8,6808,162-6.0%
Administrative expenses$497,604$532,3597.0%
Recordkeeping fees per participantnot reported$40.60
Employer contributions$26,174,408$22,828,866-12.8%

Prior filing 20241211145957NAL0008403843001, received 2024-12-11; the plan years are contiguous.

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Sponsor name as filed: GLOBALFOUNDRIES U.S. INC.; SEC registrant: GLOBALFOUNDRIES U.S. Inc. (CIK 1729272, matched by EIN).