Employers › Globe Life
Recordkeeping fees per participant · American Income Life Insurance Company Exempt Employees 401(k) Profit Sharing Plan · plan year 2024
$153.37
Higher than 78% of the 14,075 plans $10 to 50M that report it.
= $45,704 / 298
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250828142933NAL0010536577001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828142933NAL0010536577001, received 2025-08-28
Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-08-28.
Administrative expenses excluding investment management, per participant
$153.37
Higher than 62% of the 24,371 plans $10 to 50M that report it.
= $45,704 / 298
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250828142933NAL0010536577001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828142933NAL0010536577001, received 2025-08-28
Administrative expenses per participant
$153.37
Higher than 39% of the 25,098 plans $10 to 50M that report it.
= $45,704 / 298
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828142933NAL0010536577001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828142933NAL0010536577001, received 2025-08-28
Administrative expenses as a share of assets
0.188%
Higher than 33% of the 25,132 plans $10 to 50M that report it.
= $45,704 / $24,365,842
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828142933NAL0010536577001, received 2025-08-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250828142933NAL0010536577001, received 2025-08-28
Employer contributions per participant
$4,068
Higher than 86% of the 24,050 plans $10 to 50M that report it.
= $1,212,305 / 298
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828142933NAL0010536577001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828142933NAL0010536577001, received 2025-08-28
Employer share of total contributions
43.9%
Higher than 89% of the 24,084 plans $10 to 50M that report it.
= $1,212,305 / $2,761,289
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828142933NAL0010536577001, received 2025-08-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250828142933NAL0010536577001, received 2025-08-28
Plan terms are described in Globe Life Inc.'s SEC filings: Form 11-K filed 2026-06-26 and Form 10-K filed 2026-02-25. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 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 20250828142933NAL0010536577001, received 2025-08-28
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AMERICAN INCOME LIFE INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Plan name | AMERICAN INCOME LIFE INSURANCE COMPANY EXEMPT EMPLOYEES 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Sponsor EIN / plan number | 74-1365936 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Sponsor location | MCKINNEY, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Industry (business code) | 524140, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Filing received | 2025-08-28 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Participants, beginning of year | 399 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Active participants | 301 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Participants, end of year | 361 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Participants with an account balance | 298 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total assets, beginning of year | $22,861,221 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total assets, end of year | $24,365,842 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Net assets, end of year | $24,365,842 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total income | $5,379,555 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Net income | $1,504,621 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Employer contributions | $1,212,305 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Participant contributions | $931,827 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Other contributions (incl. rollovers) | $617,157 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total contributions | $2,761,289 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Benefit payments | $3,829,230 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total expenses (incl. benefit payments) | $3,874,934 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Total administrative expenses | $45,704 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Recordkeeping fees | $45,704 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Administrative expenses excluding investment management | $45,704 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Held in mutual funds | $19,605,286 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250828142933NAL0010536577001, received 2025-08-28 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250828142933NAL0010536577001, received 2025-08-28 |
Position = column in the DOL layout for form year 2024. Filing 20250828142933NAL0010536577001, received 2025-08-28.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 50 Direct payment from the plan; 37 Participant loan processing | $20,765 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan | $20,495 | no |
| REGIONS BANK DBA REGIONS TRUST | NONE | 99 Other fees | $2,432 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 99 Other fees; 16 Consulting (general); 50 Direct payment from the plan | $300 | 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 20250828142933NAL0010536577001, received 2025-08-28.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $22,861,221 | $24,365,842 | 6.6% |
| Participants with a balance | 284 | 298 | 4.9% |
| Administrative expenses | $30,569 | $45,704 | 49.5% |
| Recordkeeping fees per participant | $57.11 | $153.37 | 168.6% |
| Employer contributions | $1,267,290 | $1,212,305 | -4.3% |
Prior filing 20240819144234NAL0001652705001, received 2024-08-19; the plan years are contiguous.
Sponsor name as filed: AMERICAN INCOME LIFE INSURANCE COMPANY; SEC registrant: GLOBE LIFE INC. (CIK 320335, matched by 11-K plan title; display name from the Form 11-K cover).