Plan5500

The Savings Plan Of Globalstar, Inc — Form 5500 plan (Globalstar Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Savings Plan Of Globalstar, Inc is a benefit plan reported by Globalstar Inc under EIN 41-2116508 and plan number 002. The latest loaded filing year is 2023. The filing reports 355 participants and $46,546,969 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Globalstar Inc
EIN
41-2116508
Plan number
002
Plan type
2
Location
Covington, LA
Latest filing year
2023
Participants
355
End-of-year plan assets
$46,546,969

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023355H, C20241219162117NAL0005101937001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$46,546,969
Total liabilities (EOY)
$0
Net assets (EOY)
$46,546,969
Net assets (BOY)
$39,512,039

Income & contributions

Employer contributions
$509,892
Participant contributions
$2,067,678
Total contributions
$2,795,411
Total income / additions
$10,037,175

Expenses & distributions

Benefits paid
$2,843,848
Administrative expenses
$158,397
Total expenses
$3,002,245
Net increase / (decrease)
$7,034,930

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance CompanyRECORDKEEPER$117,038$02023
Morgan Stanley Smith Barney HoldingNONE$41,359not reported in the loaded dataset2023

Related Form 5500 pages