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, Galco Industrial Electronics Salary Savings & Employees' Profit Sharing Plan is a benefit plan reported by Galco Industrial Electronics, Inc. under EIN 38-2178619 and plan number 001. The latest loaded filing year is 2023. The filing reports 266 participants and $24,530,798 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,530,798
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,530,798
- Net assets (BOY)
- $20,287,679
Income & contributions
- Employer contributions
- $648,093
- Participant contributions
- $1,358,522
- Total contributions
- $2,328,263
- Total income / additions
- $6,164,064
Expenses & distributions
- Benefits paid
- $1,860,125
- Administrative expenses
- $57,195
- Total expenses
- $1,920,945
- Net increase / (decrease)
- $4,243,119