GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 270 DAVIDSON AVENUE,SOMERSET,NJ
- Contact person: ASHLEY BISANZIO
- Phone: (732) 868-0400
Plan General Information
At the end of 2022, the total retirement plan assets of GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is $25,504,824.This plan was established in 1991.
At the end of 2022, the total number of retirement plan participants in GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is 757
In 2022, the average participant retirement account value for GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is $33,691
In 2022, the estimated average employee contribution amount per participant for GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is $5,576
In 2022, the total retirement plan asset growth rate of GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is -13.32%
In 2022, the estimated aggregate retirement account investment gain/loss for GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is -18.37%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN is 0.50%.
Enrollment Features
GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.