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GALYEAN EQUIPMENT CO. 401(K) PLAN 401k Plan overview

Plan NameGALYEAN EQUIPMENT CO. 401(K) PLAN
Plan identification number 001

GALYEAN EQUIPMENT CO. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan covering Self-Employed individuals.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GALYEAN, LP has sponsored the creation of one or more 401k plans.

Company Name:GALYEAN, LP
Employer identification number (EIN):752839801
NAIC Classification:336990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALYEAN EQUIPMENT CO. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALLEN GALYEAN2024-07-10
0012022-01-01ALLEN GALYEAN2023-09-18
0012021-01-01ALLEN GALYEAN2022-05-31
0012020-01-01ALLEN GALYEAN2021-04-28
0012019-01-01ALLEN GALYEAN2020-04-24
0012018-01-01ALLEN GALYEAN2019-05-22
0012017-01-01ALLEN GALYEAN2018-06-06
0012016-01-01ALLEN GALYEAN2017-04-21
0012015-01-01ALLEN GALYEAN2016-06-20
0012014-01-01ALLEN GALYEAN2015-06-24
0012013-01-01ALLEN GALYEAN2014-07-21
0012012-01-01ALLEN GALYEAN2014-07-21
0012011-01-01ALLEN GALYEAN2013-10-01
0012010-01-01ALLEN GALYEAN
0012009-01-01ALLEN GALYEAN
0012009-01-01ALLEN GALYEAN

Plan Statistics for GALYEAN EQUIPMENT CO. 401(K) PLAN

401k plan membership statisitcs for GALYEAN EQUIPMENT CO. 401(K) PLAN

Measure Date Value
2010: GALYEAN EQUIPMENT CO. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0172
Total number of active participants reported on line 7a of the Form 55002010-01-0149
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0126
Total of all active and inactive participants2010-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0175
Number of participants with account balances2010-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: GALYEAN EQUIPMENT CO. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0189
Total number of active participants reported on line 7a of the Form 55002009-01-0124
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0136
Total of all active and inactive participants2009-01-0160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0160
Number of participants with account balances2009-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0134

Financial Data on GALYEAN EQUIPMENT CO. 401(K) PLAN

Measure Date Value
2010 : GALYEAN EQUIPMENT CO. 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$110,913
Expenses. Total of all expenses incurred2010-12-31$34,637
Benefits paid (including direct rollovers)2010-12-31$33,339
Total plan assets at end of year2010-12-31$354,710
Total plan assets at beginning of year2010-12-31$278,434
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$28,373
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$76,276
Net plan assets at end of year (total assets less liabilities)2010-12-31$354,710
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$278,434
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$82,540
Value of certain deemed distributions of participant loans2010-12-31$1,298
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : GALYEAN EQUIPMENT CO. 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
2008 : GALYEAN EQUIPMENT CO. 401(K) PLAN 2008 401k financial data
Transfers to/from the plan2008-12-31$0
Total plan liabilities at end of year2008-12-31$0
Total plan liabilities at beginning of year2008-12-31$0
Total income from all sources2008-12-31$27,294
Expenses. Total of all expenses incurred2008-12-31$9,020
Benefits paid (including direct rollovers)2008-12-31$9,020
Total plan assets at end of year2008-12-31$252,668
Total plan assets at beginning of year2008-12-31$234,394
Value of fidelity bond covering the plan2008-12-31$100,000
Total contributions received or receivable from participants2008-12-31$73,018
Expenses. Other expenses not covered elsewhere2008-12-31$0
Contributions received from other sources (not participants or employers)2008-12-31$0
Other income received2008-12-31$-98,230
Noncash contributions received2008-12-31$0
Net income (gross income less expenses)2008-12-31$18,274
Net plan assets at end of year (total assets less liabilities)2008-12-31$252,668
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$234,394
Assets. Value of participant loans2008-12-31$1,273
Total contributions received or receivable from employer(s)2008-12-31$52,506
Value of certain deemed distributions of participant loans2008-12-31$0
Value of corrective distributions2008-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$0

Form 5500 Responses for GALYEAN EQUIPMENT CO. 401(K) PLAN

2010: GALYEAN EQUIPMENT CO. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: GALYEAN EQUIPMENT CO. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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