2023 Form 5500 filing — Galaxy Systems, Inc. 401(K) 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 20241008152100NAL0009831139001) for Galaxy Systems, Inc. 401(K) Profit Sharing Plan, reported by Galaxy Systems, Inc. under EIN 13-3583090 and plan number 002. It reports 881 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008152100NAL0009831139001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Galaxy Systems, Inc.
- EIN
- 13-3583090
- Plan number
- 002
- Location
- Somerset, NJ
- Participants
- 881
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,814,354
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,814,354
- Participant contributions
- $3,571,386
- Total income / additions
- $8,700,576
- Benefits paid
- $5,246,008
- Administrative expenses
- $130,349
- Total expenses
- $5,391,046
- Net increase / (decrease)
- $3,309,530
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $116,387 | $0 |
| Cliftonlarsonallen Llp | ACCOUNTANT | $13,974 | not reported in the loaded dataset |
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $7,098 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |