GLOBUS MEDICAL INC. 401(K) PLAN

Plan Contact

  • Address: 2560 GENERAL ARMISTEAD AVENUE,AUDUBON,PA
  • Contact person: GLADSTONE PHILIP
  • Phone: (610) 930-1800

Plan General Information

GLOBUS MEDICAL INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GLOBUS MEDICAL INC. 401(K) PLAN is $198,691,719.00.This plan was established in 2005.

GLOBUS MEDICAL INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GLOBUS MEDICAL INC. 401(K) PLAN is 2684

GLOBUS MEDICAL INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GLOBUS MEDICAL INC. 401(K) PLAN is $74,028.00

GLOBUS MEDICAL INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for GLOBUS MEDICAL INC. 401(K) PLAN is $7,993.00.

GLOBUS MEDICAL INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GLOBUS MEDICAL INC. 401(K) PLAN is approximately $2,279.00
Investing in this additonal $2,279.00 for 20 years would give you extra $145,860.00, assuming a 10% annual return.

GLOBUS MEDICAL INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, GLOBUS MEDICAL INC. 401(K) PLAN allocates $6,117,009.00 to match its employees' contributions, providing an employer match rate of 31.42% of their contributions

GLOBUS MEDICAL INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GLOBUS MEDICAL INC. 401(K) PLAN is 32.05%.

GLOBUS MEDICAL INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GLOBUS MEDICAL INC. 401(K) PLAN is 20.48%. This measures the effectiveness of the plan participants' investments in the year.

GLOBUS MEDICAL INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GLOBUS MEDICAL INC. 401(K) PLAN is 0.15%.

Enrollment Features

GLOBUS MEDICAL INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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