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, Galactic Employer Services 401(K) Plan is a benefit plan reported by Galactic, Inc. under EIN 63-0974457 and plan number 333. The latest loaded filing year is 2023. The filing reports 831 participants and $23,664,653 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,664,653
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,664,653
- Net assets (BOY)
- $13,665,274
Income & contributions
- Employer contributions
- $1,089,252
- Participant contributions
- $2,512,062
- Total contributions
- $4,157,010
- Total income / additions
- $7,369,835
Expenses & distributions
- Benefits paid
- $928,739
- Administrative expenses
- $173,217
- Total expenses
- $1,101,956
- Net increase / (decrease)
- $6,267,879