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GALAXY SYSYTEMS INC 401k Plan overview

Plan NameGALAXY SYSYTEMS INC
Plan identification number 501

GALAXY SYSYTEMS INC Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Long-term disability cover

401k Sponsoring company profile

GALAXY SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GALAXY SYSTEMS, INC.
Employer identification number (EIN):133583090
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about GALAXY SYSTEMS, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1990-08-07
Company Identification Number: 1466544
Legal Registered Office Address: ATTN: Jamie Morrow, ESQ.
270 DAVIDSON AVE.
SOMERSET
United States of America (USA)
08873

More information about GALAXY SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALAXY SYSYTEMS INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012016-05-01STEVE WEISS
5012015-05-01STEVE WEISS

Plan Statistics for GALAXY SYSYTEMS INC

401k plan membership statisitcs for GALAXY SYSYTEMS INC

Measure Date Value
2016: GALAXY SYSYTEMS INC 2016 401k membership
Total participants, beginning-of-year2016-05-010
Total of all active and inactive participants2016-05-010
Total participants2016-05-010
2015: GALAXY SYSYTEMS INC 2015 401k membership
Total participants, beginning-of-year2015-05-010
Total of all active and inactive participants2015-05-010
Total participants2015-05-010

Financial Data on GALAXY SYSYTEMS INC

Measure Date Value
2017 : GALAXY SYSYTEMS INC 2017 401k financial data
Value of total assets at end of year2017-04-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-04-30No
Was this plan covered by a fidelity bond2017-04-30No
If this is an individual account plan, was there a blackout period2017-04-30No
Were there any nonexempt tranactions with any party-in-interest2017-04-30No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-04-30No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2017-04-30No
Were any leases to which the plan was party in default or uncollectible2017-04-30No
Value of interest in common/collective trusts at end of year2017-04-30$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-04-30No
Was there a failure to transmit to the plan any participant contributions2017-04-30No
Has the plan failed to provide any benefit when due under the plan2017-04-30No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-04-30No
Did the plan have assets held for investment2017-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-04-30No

Form 5500 Responses for GALAXY SYSYTEMS INC

2016: GALAXY SYSYTEMS INC 2016 form 5500 responses
2016-05-01Type of plan entitySingle employer plan
2016-05-01Plan funding arrangement – InsuranceYes
2016-05-01Plan benefit arrangement – InsuranceYes
2015: GALAXY SYSYTEMS INC 2015 form 5500 responses
2015-05-01Type of plan entitySingle employer plan
2015-05-01Plan funding arrangement – InsuranceYes
2015-05-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number000000603408
Policy instance 1
Insurance contract or identification number000000603408
Number of Individuals Covered236
Insurance policy start date2015-05-01
Insurance policy end date2016-04-30
Total amount of commissions paid to insurance brokerUSD $4,503
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,503
Insurance broker organization code?3
Insurance broker nameCHAS E RUE& SONS INC
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (National Association of Insurance Commissioners NAIC id number: 67369 )
Policy contract number3337861
Policy instance 2
Insurance contract or identification number3337861
Number of Individuals Covered471
Insurance policy start date2015-05-01
Insurance policy end date2016-04-30
Total amount of commissions paid to insurance brokerUSD $124,035
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $124,035
Insurance broker organization code?3
Insurance broker nameCHAS E RUE & SONS INC

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