Global Partners LP 401(k) Review & Grade
Global Partners LP 401(k) Savings and Profit Sharing Plan
Waltham, MAWholesale Trade4,846 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,218Employer $ per active participant
$2,755Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$232.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.8 / 5020th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 97th |
| Employee saving | 21th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $131 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Global Partners LP put in about $1,218 per active participant, below the typical peer ($2,459). 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.
- 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 | $5,904,167 |
| Participant (employee) contributions | $13,354,456 |
| Other contributions (incl. rollovers in) | $15,572,168 |
| Administrative expenses paid from the plan | $24,808 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $81,803 |
| Benefits paid out | $25,679,311 |
| Net assets, start / end of year | $195.2M / $232.7M |
| Active participants, start / end of year | 4,582 / 5,111 |
| Participants with account balances | 2,216 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$56,995 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172303NAL0002699491001, received 2025-10-15, EIN 14-1924242, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.