2023 Form 5500 filing — Galloway, Inc. And Affiliated Employers 401(K) Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241009153055NAL0031712496001) for Galloway, Inc. And Affiliated Employers 401(K) Savings Plan, reported by Galloway, Inc. under EIN 13-3728651 and plan number 001. It reports 162 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009153055NAL0031712496001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Galloway, Inc.
- EIN
- 13-3728651
- Plan number
- 001
- Location
- Palm Beach, FL
- Participants
- 162
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,506,769
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,506,769
- Employer contributions
- $2,123,304
- Participant contributions
- $1,456,603
- Total income / additions
- $9,482,384
- Benefits paid
- $2,663,141
- Administrative expenses
- $89,515
- Total expenses
- $2,752,656
- Net increase / (decrease)
- $6,729,728
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $104,687 | $0 |
| Ubs Financial Services, Inc. | INVESTMENT ADVISOR | $60,747 | $0 |
| Penserv, Inc. | TPA | $2,175 | $18,854 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $511 | $0 |