GALAXY 1 401(K) PLAN

At the end of 2022, the total retirement plan assets of GALAXY 1 401(K) PLAN is $6,485,346.This plan was established in 2006.

At the end of 2022, the total number of retirement plan participants in GALAXY 1 401(K) PLAN is 165

In 2022, the average participant retirement account value for GALAXY 1 401(K) PLAN is $39,305

In 2022, the estimated average employee contribution amount per participant for GALAXY 1 401(K) PLAN is $2,178

In 2022, the estimated average employer match for an employee in GALAXY 1 401(K) PLAN is approximately $1,092

In 2022, GALAXY 1 401(K) PLAN allocates $180,272 to match its employees’ contributions, providing an employer match rate of 47.01% of their contributions

In 2022, the total retirement plan asset growth rate of GALAXY 1 401(K) PLAN is -16.16%

In 2022, the estimated aggregate retirement account investment gain/loss for GALAXY 1 401(K) PLAN is -16.66%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of GALAXY 1 401(K) PLAN is 0.56%.

Enrollment Features

GALAXY 1 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.