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GALACTIC EMPLOYER SERVICES 401(K) PLAN 401k Plan overview

Plan NameGALACTIC EMPLOYER SERVICES 401(K) PLAN
Plan identification number 333

GALACTIC EMPLOYER SERVICES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

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

Company Name:GALACTIC, INC.
Employer identification number (EIN):630974457
NAIC Classification:561300

Additional information about GALACTIC, INC.

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 1988-03-24
Company Identification Number: 123-151
Legal Registered Office Address: 1025 23RD ST S STE 201 BIRMINGHAM,


United States of America (USA)
35205

More information about GALACTIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALACTIC EMPLOYER SERVICES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3332022-01-01BLAN MARRIOTT2024-02-04
3332021-01-01
3332020-01-01
3332019-01-01
3332018-01-01
3332017-01-01BLAN MARRIOTT
3332017-01-01
3332016-01-01
3332015-01-01BLAN MARRIOTT
3332014-01-01BLAN MARRIOTT
3332013-01-01BLAN MARRIOTT
3332012-01-01BLAN MARRIOTT
3332011-01-01BLAN MARRIOTT
3332009-01-01BLAN MARRIOTT BLAN MARRIOTT2010-10-13

Plan Statistics for GALACTIC EMPLOYER SERVICES 401(K) PLAN

401k plan membership statisitcs for GALACTIC EMPLOYER SERVICES 401(K) PLAN

Measure Date Value
2022: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01511
Total number of active participants reported on line 7a of the Form 55002022-01-01361
Number of retired or separated participants receiving benefits2022-01-0145
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-01406
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01407
Number of participants with account balances2022-01-01388
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01355
Total number of active participants reported on line 7a of the Form 55002021-01-01435
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0176
Total of all active and inactive participants2021-01-01511
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01511
Number of participants with account balances2021-01-01300
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019
2020: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01288
Total number of active participants reported on line 7a of the Form 55002020-01-01288
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0139
Total of all active and inactive participants2020-01-01327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01327
Number of participants with account balances2020-01-01192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01399
Total number of active participants reported on line 7a of the Form 55002019-01-01222
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0140
Total of all active and inactive participants2019-01-01262
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01262
Number of participants with account balances2019-01-01185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01391
Total number of active participants reported on line 7a of the Form 55002018-01-01362
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0129
Total of all active and inactive participants2018-01-01391
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01391
Number of participants with account balances2018-01-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-014
2017: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01360
Total number of active participants reported on line 7a of the Form 55002017-01-01510
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0121
Total of all active and inactive participants2017-01-01531
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01531
Number of participants with account balances2017-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01194
Total number of active participants reported on line 7a of the Form 55002016-01-01235
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0119
Total of all active and inactive participants2016-01-01254
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01254
Number of participants with account balances2016-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01264
Total number of active participants reported on line 7a of the Form 55002015-01-01136
Number of other retired or separated participants entitled to future benefits2015-01-0125
Total of all active and inactive participants2015-01-01161
Total participants2015-01-01161
Number of participants with account balances2015-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01240
Total number of active participants reported on line 7a of the Form 55002014-01-01232
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0120
Total of all active and inactive participants2014-01-01252
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01252
Number of participants with account balances2014-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01236
Total number of active participants reported on line 7a of the Form 55002013-01-01202
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0128
Total of all active and inactive participants2013-01-01230
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01230
Number of participants with account balances2013-01-0190
2012: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01186
Total number of active participants reported on line 7a of the Form 55002012-01-01200
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0122
Total of all active and inactive participants2012-01-01222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01222
Number of participants with account balances2012-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01365
Total number of active participants reported on line 7a of the Form 55002011-01-01144
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0121
Total of all active and inactive participants2011-01-01165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01165
Number of participants with account balances2011-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2009: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01183
Total number of active participants reported on line 7a of the Form 55002009-01-01138
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0117
Total of all active and inactive participants2009-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01155
Number of participants with account balances2009-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on GALACTIC EMPLOYER SERVICES 401(K) PLAN

Measure Date Value
2022 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets from this plan2022-12-31$77,206
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-680,722
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$684,576
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$543,282
Value of total corrective distributions2022-12-31$3,445
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,744,759
Value of total assets at end of year2022-12-31$13,665,274
Value of total assets at beginning of year2022-12-31$15,107,778
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$137,849
Total interest from all sources2022-12-31$31,612
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$137,849
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,681,179
Participant contributions at end of year2022-12-31$261,879
Participant contributions at beginning of year2022-12-31$158,031
Participant contributions at end of year2022-12-31$43,771
Participant contributions at beginning of year2022-12-31$35,115
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$376,539
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$416
Total non interest bearing cash at end of year2022-12-31$17,913
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,365,298
Value of net assets at end of year (total assets less liabilities)2022-12-31$13,665,274
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,107,778
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$13,327,034
Value of interest in pooled separate accounts at beginning of year2022-12-31$13,156,859
Interest on participant loans2022-12-31$9,078
Interest earned on other investments2022-12-31$22,534
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,743,679
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,457,093
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$687,041
Employer contributions (assets) at end of year2022-12-31$14,677
Employer contributions (assets) at beginning of year2022-12-31$13,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$543,282
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BORLAND BENEFIELD, P.C.
Accountancy firm EIN2022-12-31630721243
2021 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2021 401k financial data
Total transfer of assets to this plan2021-12-31$291,231
Total income from all sources (including contributions)2021-12-31$3,062,981
Total of all expenses incurred2021-12-31$667,452
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$536,172
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,889,770
Value of total assets at end of year2021-12-31$15,107,778
Value of total assets at beginning of year2021-12-31$12,421,018
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$131,280
Total interest from all sources2021-12-31$30,033
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,305,926
Participant contributions at end of year2021-12-31$158,031
Participant contributions at beginning of year2021-12-31$124,974
Participant contributions at end of year2021-12-31$35,115
Participant contributions at beginning of year2021-12-31$28,143
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$8,241
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$416
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$323
Administrative expenses (other) incurred2021-12-31$131,280
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,395,529
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,107,778
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,421,018
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$13,156,859
Value of interest in pooled separate accounts at beginning of year2021-12-31$11,180,122
Interest on participant loans2021-12-31$8,296
Interest earned on other investments2021-12-31$21,737
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,743,679
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$1,078,181
Net investment gain/loss from pooled separate accounts2021-12-31$1,143,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$575,603
Employer contributions (assets) at end of year2021-12-31$13,678
Employer contributions (assets) at beginning of year2021-12-31$9,275
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$536,172
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2021-12-31630721243
2020 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$4,425,067
Total of all expenses incurred2020-12-31$462,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$369,915
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,332,439
Value of total assets at end of year2020-12-31$12,421,018
Value of total assets at beginning of year2020-12-31$8,458,686
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$92,820
Total interest from all sources2020-12-31$21,788
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$920,536
Participant contributions at end of year2020-12-31$124,974
Participant contributions at beginning of year2020-12-31$137,542
Participant contributions at end of year2020-12-31$28,143
Participant contributions at beginning of year2020-12-31$8,189
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$7,706
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$323
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$336
Administrative expenses (other) incurred2020-12-31$92,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$3,962,332
Value of net assets at end of year (total assets less liabilities)2020-12-31$12,421,018
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$8,458,686
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$11,180,122
Value of interest in pooled separate accounts at beginning of year2020-12-31$7,453,221
Interest on participant loans2020-12-31$7,279
Interest earned on other investments2020-12-31$14,509
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$1,078,181
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$855,941
Net investment gain/loss from pooled separate accounts2020-12-31$3,070,840
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$404,197
Employer contributions (assets) at end of year2020-12-31$9,275
Employer contributions (assets) at beginning of year2020-12-31$3,457
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$369,915
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2020-12-31630721243
2019 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2019 401k financial data
Total transfer of assets to this plan2019-12-31$1,215,234
Total transfer of assets to this plan2019-12-31$1,215,234
Total income from all sources (including contributions)2019-12-31$2,489,768
Total income from all sources (including contributions)2019-12-31$2,489,768
Total of all expenses incurred2019-12-31$420,234
Total of all expenses incurred2019-12-31$420,234
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$343,979
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$343,979
Expenses. Certain deemed distributions of participant loans2019-12-31$2,421
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,201,295
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,201,295
Value of total assets at end of year2019-12-31$8,458,686
Value of total assets at end of year2019-12-31$8,458,686
Value of total assets at beginning of year2019-12-31$5,173,918
Value of total assets at beginning of year2019-12-31$5,173,918
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$73,834
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$73,834
Total interest from all sources2019-12-31$24,452
Total interest from all sources2019-12-31$24,452
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$693,984
Contributions received from participants2019-12-31$693,984
Participant contributions at end of year2019-12-31$137,542
Participant contributions at end of year2019-12-31$137,542
Participant contributions at beginning of year2019-12-31$47,189
Participant contributions at beginning of year2019-12-31$47,189
Participant contributions at end of year2019-12-31$8,189
Participant contributions at end of year2019-12-31$8,189
Participant contributions at beginning of year2019-12-31$8,124
Participant contributions at beginning of year2019-12-31$8,124
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$171,945
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$171,945
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$336
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$336
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$23
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$23
Administrative expenses (other) incurred2019-12-31$73,834
Administrative expenses (other) incurred2019-12-31$73,834
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,069,534
Value of net income/loss2019-12-31$2,069,534
Value of net assets at end of year (total assets less liabilities)2019-12-31$8,458,686
Value of net assets at end of year (total assets less liabilities)2019-12-31$8,458,686
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,173,918
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,173,918
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$7,453,221
Value of interest in pooled separate accounts at end of year2019-12-31$7,453,221
Value of interest in pooled separate accounts at beginning of year2019-12-31$4,556,582
Value of interest in pooled separate accounts at beginning of year2019-12-31$4,556,582
Interest on participant loans2019-12-31$7,327
Interest on participant loans2019-12-31$7,327
Interest earned on other investments2019-12-31$17,125
Interest earned on other investments2019-12-31$17,125
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$855,941
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$855,941
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$558,320
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$558,320
Net investment gain/loss from pooled separate accounts2019-12-31$1,264,021
Net investment gain/loss from pooled separate accounts2019-12-31$1,264,021
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$335,366
Contributions received in cash from employer2019-12-31$335,366
Employer contributions (assets) at end of year2019-12-31$3,457
Employer contributions (assets) at end of year2019-12-31$3,457
Employer contributions (assets) at beginning of year2019-12-31$3,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$343,979
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$343,979
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BORELAND BENEFIELD, P.C.
Accountancy firm name2019-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2019-12-31630721243
Accountancy firm EIN2019-12-31630721243
2018 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$535,288
Total of all expenses incurred2018-12-31$140,468
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$84,641
Value of total corrective distributions2018-12-31$2,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$722,708
Value of total assets at end of year2018-12-31$5,173,918
Value of total assets at beginning of year2018-12-31$4,779,098
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$53,210
Total interest from all sources2018-12-31$8,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$490,051
Participant contributions at end of year2018-12-31$47,189
Participant contributions at beginning of year2018-12-31$38,667
Participant contributions at end of year2018-12-31$8,124
Participant contributions at beginning of year2018-12-31$13,235
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$12,497
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$23
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$4
Administrative expenses (other) incurred2018-12-31$53,210
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$394,820
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,173,918
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,779,098
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$4,556,582
Value of interest in pooled separate accounts at beginning of year2018-12-31$4,298,031
Interest on participant loans2018-12-31$2,255
Interest earned on other investments2018-12-31$6,503
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$558,320
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$426,374
Net investment gain/loss from pooled separate accounts2018-12-31$-196,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$220,160
Employer contributions (assets) at end of year2018-12-31$3,680
Employer contributions (assets) at beginning of year2018-12-31$2,603
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$84,641
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2018-12-31630721243
2017 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$72,048
Total income from all sources (including contributions)2017-12-31$2,006,836
Total of all expenses incurred2017-12-31$126,491
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$72,918
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,561,258
Value of total assets at end of year2017-12-31$4,779,098
Value of total assets at beginning of year2017-12-31$2,826,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$53,573
Total interest from all sources2017-12-31$13,626
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$300,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$344,879
Participant contributions at end of year2017-12-31$38,667
Participant contributions at beginning of year2017-12-31$28,020
Participant contributions at end of year2017-12-31$13,235
Participant contributions at beginning of year2017-12-31$3,776
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,067,111
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$4
Administrative expenses (other) incurred2017-12-31$53,573
Total non interest bearing cash at end of year2017-12-31$184
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,880,345
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,779,098
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,826,705
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$4,298,031
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,664,851
Interest on participant loans2017-12-31$1,172
Interest earned on other investments2017-12-31$12,454
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$426,374
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,128,999
Net investment gain/loss from pooled separate accounts2017-12-31$431,952
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$149,268
Employer contributions (assets) at end of year2017-12-31$2,603
Employer contributions (assets) at beginning of year2017-12-31$1,059
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$72,918
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2017-12-31630721243
2016 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$111,522
Total transfer of assets from this plan2016-12-31$902,796
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$11,921
Total income from all sources (including contributions)2016-12-31$430,669
Total of all expenses incurred2016-12-31$205,484
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$159,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$322,689
Value of total assets at end of year2016-12-31$2,826,705
Value of total assets at beginning of year2016-12-31$3,404,715
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$45,553
Total interest from all sources2016-12-31$1,476
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$300,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$237,843
Participant contributions at end of year2016-12-31$28,020
Participant contributions at beginning of year2016-12-31$60,190
Participant contributions at end of year2016-12-31$3,776
Participant contributions at beginning of year2016-12-31$4,685
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$11,921
Administrative expenses (other) incurred2016-12-31$45,553
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$225,185
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,826,705
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,392,794
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$1,664,851
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,805,730
Interest on participant loans2016-12-31$1,476
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,128,999
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,532,544
Net investment gain/loss from pooled separate accounts2016-12-31$106,504
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$84,846
Employer contributions (assets) at end of year2016-12-31$1,059
Employer contributions (assets) at beginning of year2016-12-31$1,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$159,931
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2016-12-31630721243
2015 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$11,921
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$5,058
Total income from all sources (including contributions)2015-12-31$372,150
Total of all expenses incurred2015-12-31$457,005
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$386,475
Expenses. Certain deemed distributions of participant loans2015-12-31$5,504
Value of total corrective distributions2015-12-31$11,921
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$334,674
Value of total assets at end of year2015-12-31$3,404,715
Value of total assets at beginning of year2015-12-31$3,482,707
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$53,105
Total interest from all sources2015-12-31$2,647
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$300,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$239,796
Participant contributions at end of year2015-12-31$60,190
Participant contributions at beginning of year2015-12-31$65,928
Participant contributions at end of year2015-12-31$4,685
Participant contributions at beginning of year2015-12-31$11,473
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$11,921
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$5,058
Other income not declared elsewhere2015-12-31$21,472
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-84,855
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,392,794
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$3,477,649
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$1,805,730
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,637,763
Interest on participant loans2015-12-31$2,647
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,532,544
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$1,764,943
Net investment gain/loss from pooled separate accounts2015-12-31$13,357
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$94,878
Employer contributions (assets) at end of year2015-12-31$1,566
Employer contributions (assets) at beginning of year2015-12-31$2,600
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$386,475
Contract administrator fees2015-12-31$53,105
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BORELAND BENEFIELD, P.C
Accountancy firm EIN2015-12-31630721243
2014 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2014 401k financial data
Total transfer of assets to this plan2014-12-31$1,001,930
Total transfer of assets from this plan2014-12-31$759,222
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$5,058
Total income from all sources (including contributions)2014-12-31$592,762
Total of all expenses incurred2014-12-31$470,640
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$412,438
Value of total corrective distributions2014-12-31$5,058
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$450,022
Value of total assets at end of year2014-12-31$3,482,707
Value of total assets at beginning of year2014-12-31$3,112,819
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$53,144
Total interest from all sources2014-12-31$3,026
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$250,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$316,871
Participant contributions at end of year2014-12-31$65,928
Participant contributions at beginning of year2014-12-31$104,547
Participant contributions at end of year2014-12-31$11,473
Participant contributions at beginning of year2014-12-31$4,764
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$5,058
Other income not declared elsewhere2014-12-31$22,694
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$122,122
Value of net assets at end of year (total assets less liabilities)2014-12-31$3,477,649
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,112,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$1,637,763
Value of interest in pooled separate accounts at beginning of year2014-12-31$1,700,982
Interest on participant loans2014-12-31$3,026
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$1,764,943
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$1,300,124
Net investment gain/loss from pooled separate accounts2014-12-31$117,020
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$133,151
Employer contributions (assets) at end of year2014-12-31$2,600
Employer contributions (assets) at beginning of year2014-12-31$2,402
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$412,438
Contract administrator fees2014-12-31$53,144
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BORELAND BENEFIELD, P.C.
Accountancy firm EIN2014-12-31630721243
2013 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$869,604
Total of all expenses incurred2013-12-31$537,260
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$491,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$458,603
Value of total assets at end of year2013-12-31$3,112,819
Value of total assets at beginning of year2013-12-31$2,780,475
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$45,524
Total interest from all sources2013-12-31$4,415
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$300,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$321,464
Participant contributions at end of year2013-12-31$104,547
Participant contributions at beginning of year2013-12-31$118,095
Participant contributions at end of year2013-12-31$4,764
Participant contributions at beginning of year2013-12-31$6,059
Other income not declared elsewhere2013-12-31$6,985
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$332,344
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,112,819
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,780,475
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$1,700,982
Value of interest in pooled separate accounts at beginning of year2013-12-31$1,447,237
Interest on participant loans2013-12-31$4,415
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$1,300,124
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$1,131,625
Net investment gain/loss from pooled separate accounts2013-12-31$399,601
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$137,139
Employer contributions (assets) at end of year2013-12-31$2,402
Employer contributions (assets) at beginning of year2013-12-31$77,459
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$491,736
Contract administrator fees2013-12-31$45,524
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BORLAND BENEFIELD, P.C.
Accountancy firm EIN2013-12-31630721243
2012 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$30,661
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$707,324
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$125,196
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$78,638
Expenses. Certain deemed distributions of participant loans2012-12-31$5,041
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$535,563
Value of total assets at end of year2012-12-31$2,780,475
Value of total assets at beginning of year2012-12-31$2,167,686
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$41,517
Total interest from all sources2012-12-31$4,025
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$4,750
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$250,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$317,591
Participant contributions at end of year2012-12-31$118,095
Participant contributions at beginning of year2012-12-31$106,152
Participant contributions at end of year2012-12-31$6,059
Participant contributions at beginning of year2012-12-31$5,466
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$5,353
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$582,128
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,780,475
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,167,686
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in pooled separate accounts at end of year2012-12-31$1,447,237
Value of interest in pooled separate accounts at beginning of year2012-12-31$1,005,327
Interest on participant loans2012-12-31$4,025
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$1,131,625
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$983,564
Net investment gain/loss from pooled separate accounts2012-12-31$167,736
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$212,619
Employer contributions (assets) at end of year2012-12-31$77,459
Employer contributions (assets) at beginning of year2012-12-31$67,177
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$78,638
Contract administrator fees2012-12-31$36,767
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BORLAND BENEFIELD P. C.
Accountancy firm EIN2012-12-31630721243
2011 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$730,955
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$510,036
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$155,270
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$127,484
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$513,646
Value of total assets at end of year2011-12-31$2,167,686
Value of total assets at beginning of year2011-12-31$1,081,965
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$27,786
Total interest from all sources2011-12-31$2,927
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31No
Value of fidelity bond cover2011-12-31$50,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$250,009
Participant contributions at end of year2011-12-31$106,152
Participant contributions at beginning of year2011-12-31$46,797
Participant contributions at end of year2011-12-31$5,466
Participant contributions at beginning of year2011-12-31$5,609
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$18,221
Other income not declared elsewhere2011-12-31$31
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$354,766
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,167,686
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,081,965
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at end of year2011-12-31$1,005,327
Value of interest in pooled separate accounts at beginning of year2011-12-31$699,323
Interest on participant loans2011-12-31$2,927
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$983,564
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$327,999
Net investment gain/loss from pooled separate accounts2011-12-31$-6,568
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$245,416
Employer contributions (assets) at end of year2011-12-31$67,177
Employer contributions (assets) at beginning of year2011-12-31$2,237
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$127,484
Contract administrator fees2011-12-31$27,786
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31ROBERT A WEBB AND ASSOCIATES CPA LL
Accountancy firm EIN2011-12-31364495988
2010 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$75,561
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$539,834
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$97,476
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$65,043
Expenses. Certain deemed distributions of participant loans2010-12-31$15,949
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$433,178
Value of total assets at end of year2010-12-31$1,081,965
Value of total assets at beginning of year2010-12-31$715,168
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$16,484
Total interest from all sources2010-12-31$1,870
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$189,681
Participant contributions at end of year2010-12-31$46,797
Participant contributions at beginning of year2010-12-31$24,903
Participant contributions at end of year2010-12-31$5,609
Participant contributions at beginning of year2010-12-31$6,287
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$160,905
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$442,358
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,081,965
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$715,168
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$699,323
Value of interest in pooled separate accounts at beginning of year2010-12-31$463,953
Interest on participant loans2010-12-31$1,870
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$327,999
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$217,966
Net investment gain/loss from pooled separate accounts2010-12-31$104,786
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$82,592
Employer contributions (assets) at end of year2010-12-31$2,237
Employer contributions (assets) at beginning of year2010-12-31$2,059
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$65,043
Contract administrator fees2010-12-31$16,484
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31ROBERT A WEBB AND ASSOCIATES CPA LL
Accountancy firm EIN2010-12-31364495988
2009 : GALACTIC EMPLOYER SERVICES 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for GALACTIC EMPLOYER SERVICES 401(K) PLAN

2022: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entityMulitple employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entityMulitple employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entityMulitple employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entityMulitple employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: GALACTIC EMPLOYER SERVICES 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entityMulitple employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number157913
Policy instance 2
Insurance contract or identification number157913
Number of Individuals Covered388
Insurance policy start date2022-09-16
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $42,643
Total amount of fees paid to insurance companyUSD $12,925
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $31,586
Amount paid for insurance broker fees12925
Additional information about fees paid to insurance brokerTPA COMPENSATION & FEES PAID
Insurance broker organization code?5
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031-000
Policy instance 1
Insurance contract or identification number930031-000
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $36,661
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $16,917
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerCOMPENSATION PAID
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered300
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $42,349
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $30,504
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered192
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $30,569
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,793
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered185
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $30,100
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $23,160
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered151
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $16,475
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,343
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered115
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $17,157
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,126
Insurance broker organization code?3
Insurance broker nameWELLS FARGO ADVISORS INS AGENCY LLC
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered102
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $10,366
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,366
Insurance broker organization code?3
Insurance broker namePROEQUITIES
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $15,996
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $15,996
Insurance broker organization code?3
Insurance broker namePROEQUITIES
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Number of Individuals Covered230
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $10,083
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $10,083
Insurance broker organization code?3
Insurance broker namePROEQUITIES
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $8,519
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $8,519
Insurance broker organization code?3
Insurance broker namePROEQUITIES
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $9,948
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930031
Policy instance 1
Insurance contract or identification number930031
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $5,046
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $5,046
Insurance broker organization code?3
Insurance broker nameNFP INSURANCE AGENCY SERVICES

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