Galaxy Systems, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Galaxy Systems, 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, Galaxy Systems, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Galaxy Systems, Inc. under EIN 13-3583090 and plan number 002. The latest loaded filing year is 2023. The filing reports 881 participants and $28,814,354 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Galaxy Systems, Inc.
- EIN
- 13-3583090
- Plan number
- 002
- Plan type
- 2
- Location
- Somerset, NJ
- Latest filing year
- 2023
- Participants
- 881
- End-of-year plan assets
- $28,814,354
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 881 | H, C | 20241008152100NAL0009831139001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $28,814,354
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,814,354
- Net assets (BOY)
- $25,504,824
Income & contributions
- Participant contributions
- $3,571,386
- Total contributions
- $3,647,627
- Total income / additions
- $8,700,576
Expenses & distributions
- Benefits paid
- $5,246,008
- Administrative expenses
- $130,349
- Total expenses
- $5,391,046
- Net increase / (decrease)
- $3,309,530
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $116,387 | $0 | 2023 |
| Cliftonlarsonallen Llp | ACCOUNTANT | $13,974 | not reported in the loaded dataset | 2023 |
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $7,098 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Galaxy Systems, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Somerset, NJ
- Principal Life Insurance Company — Schedule C compensation
- Cliftonlarsonallen Llp — Schedule C compensation
- S B H U Life Agency Inc — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation