2023 Form 5500 filing — Galen Medical Group Employees Retirement Savings 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 20241015102315NAL0014394467001) for Galen Medical Group Employees Retirement Savings Plan, reported by Galen Medical Group Employees under EIN 62-1508884 and plan number 001. It reports 607 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015102315NAL0014394467001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Galen Medical Group Employees
- EIN
- 62-1508884
- Plan number
- 001
- Location
- Hixson, TN
- Participants
- 607
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $55,570,461
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $55,570,461
- Employer contributions
- $2,507,666
- Participant contributions
- $2,556,998
- Total income / additions
- $12,287,560
- Benefits paid
- $4,777,096
- Administrative expenses
- $125,523
- Total expenses
- $4,902,619
- Net increase / (decrease)
- $7,384,941
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $125,542 | $0 |
| Principal Securities Inc | OTHER SERVICES | $0 | $39,952 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |