GALLOWAY & COMPANY, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of GALLOWAY & COMPANY, INC. 401(K) PLAN is $18,602,571.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in GALLOWAY & COMPANY, INC. 401(K) PLAN is 269

In 2022, the average participant retirement account value for GALLOWAY & COMPANY, INC. 401(K) PLAN is $69,154

In 2022, the estimated average employee contribution amount per participant for GALLOWAY & COMPANY, INC. 401(K) PLAN is $6,445

In 2022, the estimated average employer match for an employee in GALLOWAY & COMPANY, INC. 401(K) PLAN is approximately $4,635

In 2022, GALLOWAY & COMPANY, INC. 401(K) PLAN allocates $1,246,923 to match its employees’ contributions, providing an employer match rate of 75.72% of their contributions

In 2022, the total retirement plan asset growth rate of GALLOWAY & COMPANY, INC. 401(K) PLAN is -7.51%

In 2022, the estimated aggregate retirement account investment gain/loss for GALLOWAY & COMPANY, INC. 401(K) PLAN is -16.05%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of GALLOWAY & COMPANY, INC. 401(K) PLAN is 0.63%.

Enrollment Features

GALLOWAY & COMPANY, INC. 401(K) 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.