2023 Form 5500 filing — Galco Industrial Electronics Salary Savings & Employees' Profit Sharing 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 20240723125333NAL0011289185001) for Galco Industrial Electronics Salary Savings & Employees' Profit Sharing Plan, reported by Galco Industrial Electronics, Inc. under EIN 38-2178619 and plan number 001. It reports 266 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240723125333NAL0011289185001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Galco Industrial Electronics, Inc.
- EIN
- 38-2178619
- Plan number
- 001
- Location
- Madison Heights, MI
- Participants
- 266
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $24,530,798
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,530,798
- Employer contributions
- $648,093
- Participant contributions
- $1,358,522
- Total income / additions
- $6,164,064
- Benefits paid
- $1,860,125
- Administrative expenses
- $57,195
- Total expenses
- $1,920,945
- Net increase / (decrease)
- $4,243,119
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lpl Financial LLC | ADVISOR | $38,477 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $18,718 | $0 |