2023 Form 5500 filing — Galloway Ridge 403(B) 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 20241003121957NAL0004856579001) for Galloway Ridge 403(B) Plan, reported by Galloway Ridge, Inc. under EIN 56-2277623 and plan number 001. It reports 239 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003121957NAL0004856579001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Galloway Ridge, Inc.
- EIN
- 56-2277623
- Plan number
- 001
- Location
- Pittsboro, NC
- Participants
- 239
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,513,693
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,513,693
- Employer contributions
- $131,532
- Participant contributions
- $382,680
- Total income / additions
- $987,230
- Benefits paid
- $699,010
- Administrative expenses
- $21,667
- Total expenses
- $720,677
- Net increase / (decrease)
- $266,553
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $20,766 | $0 |
| Stifel Nicolaus & Company Inc | OTHER SERVICES | $0 | $15,108 |