Employers › Globalstar
Recordkeeping fees per participant · The Savings Plan of Globalstar, Inc · plan year 2024
$275.97
Higher than 98% of the 5,847 plans $50 to 250M that report it.
= $102,109 / 370
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002111407NAL0000588672001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002111407NAL0000588672001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-10-02.
Administrative expenses excluding investment management, per participant
$275.97
Higher than 92% of the 8,758 plans $50 to 250M that report it.
= $102,109 / 370
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002111407NAL0000588672001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002111407NAL0000588672001, received 2025-10-02
Administrative expenses per participant
$413.91
Higher than 93% of the 9,042 plans $50 to 250M that report it.
= $153,146 / 370
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002111407NAL0000588672001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002111407NAL0000588672001, received 2025-10-02
Administrative expenses as a share of assets
0.287%
Higher than 86% of the 9,049 plans $50 to 250M that report it.
= $153,146 / $53,329,290
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002111407NAL0000588672001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002111407NAL0000588672001, received 2025-10-02
Employer contributions per participant
$1,881
Higher than 30% of the 9,105 plans $50 to 250M that report it.
= $695,899 / 370
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002111407NAL0000588672001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002111407NAL0000588672001, received 2025-10-02
Employer share of total contributions
18.2%
Higher than 14% of the 9,112 plans $50 to 250M that report it.
= $695,899 / $3,828,938
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002111407NAL0000588672001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002111407NAL0000588672001, received 2025-10-02
Plan terms are described in Globalstar, Inc.'s SEC filings: Form 10-K filed 2026-02-27. No term could be quoted from them with the required precision.
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 20251002111407NAL0000588672001, received 2025-10-02
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GLOBALSTAR INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Plan name | THE SAVINGS PLAN OF GLOBALSTAR, INC | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Sponsor EIN / plan number | 41-2116508 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Sponsor location | COVINGTON, LA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Industry (business code) | 517000, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Participants, beginning of year | 372 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Active participants | 302 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Participants, end of year | 398 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Participants with an account balance | 370 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total assets, beginning of year | $46,546,969 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total assets, end of year | $53,329,290 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Net assets, end of year | $53,329,290 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total income | $11,275,965 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Net income | $6,782,321 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Employer contributions | $695,899 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Participant contributions | $2,452,665 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $680,374 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total contributions | $3,828,938 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Benefit payments | $4,319,892 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $4,493,644 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Total administrative expenses | $153,146 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Recordkeeping fees | $102,109 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Investment advisory and management fees | $51,037 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Administrative expenses excluding investment management | $102,109 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Held in mutual funds | $39,751,124 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002111407NAL0000588672001, received 2025-10-02 |
| Independent auditor | EISNERAMPER, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002111407NAL0000588672001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002111407NAL0000588672001, received 2025-10-02.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $102,109 | yes |
| MORGAN STANLEY | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $49,615 | no |
| ADVISED ASSETS GROUP, LLC | INVESTMENT MGMT | 28 Investment management | $1,422 | no |
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 20251002111407NAL0000588672001, received 2025-10-02.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $46,546,969 | $53,329,290 | 14.6% |
| Participants with a balance | 359 | 370 | 3.1% |
| Administrative expenses | $158,397 | $153,146 | -3.3% |
| Recordkeeping fees per participant | not reported | $275.97 | |
| Employer contributions | $509,892 | $695,899 | 36.5% |
Prior filing 20241219162117NAL0005101937001, received 2024-12-19; the plan years are contiguous.
Sponsor name as filed: GLOBALSTAR INC; SEC registrant: Globalstar, Inc. (CIK 1366868, matched by EIN; display name from the Form 10-K cover).