Global Montello Group Corp. 401(k) Plan (terminated 2021): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2021, when $24.5 million was transferred out of the plan. Assets moved to the GLOBAL PARTNERS LP 401(K) SAVINGS AND PROFIT SHARING PLAN (sponsored by GLOBAL PARTNERS LP). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the GLOBAL PARTNERS LP 401(K) SAVINGS AND PROFIT SHARING PLAN →

Global Montello Group Corp. 401(k) Plan Facts (plan year 2021)

Plan name
GLOBAL MONTELLO GROUP CORP. 401(K) SAVINGS AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GLOBAL PARTNERS LP
Participants
2,490
Former employees with a balance
0
Employer contributions
$386,230 in plan year 2021 (34% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2021 – Aug 2, 2021
Plan established
Jan 1, 1992
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Aug 2, 2021), filed May 17, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $1.14 million went into the plan in contributions, $386,230 of it from the employer (34%).
  • $1.56 million was paid out to participants.
  • Investment and other income added $1.97 million.

How the Global Montello Group Corp. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20161,615$15.8 million$497,298$4.15 million
20172,226$16.4 million$333,586$2.27 million
20182,322$17.3 million$452,800$1.34 million
20192,835$20.1 million$541,413$1.76 million
20202,715$22.6 million$554,262$2.04 million
2021 (final)2,490$0$386,230$1.56 million

Global Montello Group Corp. 401(k) Contact Information

Phone
781-894-8800
Mailing address
800 SOUTH STREET, WALTHAM MA 02454
Plan sponsor
GLOBAL PARTNERS LP
Employer identification number (EIN)
04-3443028
Plan number
002

Questions about the Global Montello Group Corp. 401(k)

Is the Global Montello Group Corp 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2021. Its assets were transferred to the GLOBAL PARTNERS LP 401(K) SAVINGS AND PROFIT SHARING PLAN.

Does Global Montello Group Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $386,230, 34% of all contributions.

Does the Global Montello Group Corp 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Global Montello Group Corp 401(k) plan?

2,490 participants at the start of plan year 2021.

Who manages the Global Montello Group Corp 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

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