Texas › Management of companies (holding companies) › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Globe Life Inc. Pension Plan
Sponsored by Globe Life Inc., McKinney, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Globe Life Inc. Pension Plan covered 4,963 participants and held $591M in net assets. The plan is a defined benefit pension plan sponsored by Globe Life Inc. of McKinney, Texas.
Net assets came to $119,070 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above the $94,230 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $20.0M for the year ($9,709 per active participant) and benefits paid were $22.7M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $337K: $67.83 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $828K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $201M in 2009 to $591M in 2024 (up 193%), and participants from 4,268 to 4,963 (up 16%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $119,070 | $87,935 | $94,230 | $86,221 |
| Employer contributions per active participant | $9,709 | $10,593 | $14,787 | $10,244 |
| Schedule C compensation per participant | $67.83 | $325 | $326 | $344 |
| Schedule C compensation, share of net assets | 0.06% | 0.41% | 0.39% | 0.42% |
| Administrative expenses per participant | $167 | $513 | $519 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), management of companies (holding companies) (97) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 4,963 | $591M | $119,070 | $20.0M | — | $337K |
| 2023 | 4,864 | $547M | $112,527 | $40.0M | — | $252K |
| 2022 | 4,694 | $457M | $97,286 | $17.0M | — | $51K |
| 2021 | 4,685 | $563M | $120,129 | $10.0M | — | $56K |
| 2020 | 4,713 | $500M | $106,098 | $17.0M | — | $55K |
| 2019 | 4,591 | $441M | $95,976 | $17.0M | — | $40K |
| 2018 | 4,466 | $366M | $81,974 | $45.0M | — | $0 |
| 2017 | 4,489 | $357M | $79,429 | $17.0M | — | $0 |
| 2016 | 4,462 | $310M | $69,447 | $12.0M | — | $0 |
| 2015 | 4,323 | $290M | $67,129 | $12.0M | — | $0 |
| 2014 | 4,241 | $308M | $72,594 | $12.0M | — | $0 |
| 2013 | 4,191 | $278M | $66,329 | $9.0M | — | $0 |
| 2012 | 4,174 | $264M | $63,336 | $7.0M | — | $0 |
| 2011 | 4,217 | $245M | $58,175 | $6.4M | — | $0 |
| 2010 | 4,199 | $226M | $53,807 | $12.0M | — | $0 |
| 2009 | 4,268 | $201M | $47,185 | $14.0M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$547,330,932
- Employer contributions$20,000,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$20,000,000
- Total income, including investment results$67,185,354
- Benefits paid$22,744,293
- Administrative expenses$827,900
- Total expenses$23,572,193
- Net income$43,613,161
- Net transfers$0
- Net assets, end of year$590,944,093
Participants
- Active participants2,060
- Retired or separated, receiving benefits1,371
- Retired or separated, entitled to future benefits1,379
- Total participants, end of year4,963
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial; Other services | $244,140 | $0 |
| Deloitte & Touche LLP | Accounting (including auditing) | $80,109 | $0 |
| Northern Trust | Custodial (other than securities); Investment management | $12,387 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$568,204
- Actuarial fees$167,200
- IQPA audit fees$80,109
- Trustee and custodial fees$10,040
- Investment advisory and management fees$2,347
- Total administrative expenses$827,900
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate stocks$358M · 60.6%
- U.S. Government securities$179M · 30.4%
- Partnership/joint venture interests$30.5M · 5.2%
- Receivables$20.0M · 3.4%
- Cash (interest and non-interest bearing)$2.6M · 0.4%
- Other investments$17K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1DFloor-offset plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Other plans of Globe Life Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Globe Life Inc. Savings and Investment Plan | 3,276 | $293M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Oncor Retirement Plan | Oncor Electric Delivery Company LLC | 14,519 | $1.77B | $122,199 |
| Dex Pension Plan | Thryv Holdings, Inc. | 4,262 | $279M | $65,525 |
| Allstate Retirement Plan | The Allstate Corporation | 64,168 | $4.04B | $62,948 |
| Yp Holdings LLC Pension Plan | Thryv Holdings, Inc. | 845 | $47.9M | $56,729 |
| Vistra Retirement Plan | Vistra Operations Company LLC | 824 | $238M | $288,400 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Globe Life Inc. Pension Plan?
4,963 participants at the end of the plan year ending 31 Dec 2024, of whom 2,060 were active employees, with net assets of $590,944,093. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Globe Life Inc. contribute per participant?
The filing reports $20,000,000 in employer contributions for the year, which is $9,709 per active participant; the median for plans of the same type and size was $10,593 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $336,636 in compensation to service provider organisations, $67.83 per participant or 0.06% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $827,900. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Globe Life Inc.. Investment advisory or management: Northern Trust. Trustee or custodian: Northern Trust. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 63-0780404, plan 002, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.