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GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameGALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN
Plan identification number 001

GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING 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.
  • 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.

401k Sponsoring company profile

GALILEO TECHNOLOGIES CORP. has sponsored the creation of one or more 401k plans.

Company Name:GALILEO TECHNOLOGIES CORP.
Employer identification number (EIN):454080892
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01

Financial Data on GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-010
Total liabilities as of the end of the plan year2025-10-010
Total liabilities as of the beginning of the plan year2025-10-010
Total expenses incurred by plan in this plan year2025-10-01278442
Net assets as of the end of the plan year2025-10-012245822
Total assets as of the beginning of the plan year2025-10-011503498
Value of plan covered by a fidelity bond2025-10-01150350
Participant contributions to plan in this plan year2025-10-01376769
Value of participant loans at end of plan year2025-10-01119208
Other expenses paid from plan in this plan year2025-10-010
Other contributions to plan in this plan year2025-10-01134014
Other income to plan in this plan year2025-10-01224305
Plan net income in this plan year2025-10-01742324
Net assets as of the end of the plan year2025-10-012245822
Net assets as of the beginning of the plan year2025-10-011503498
Value of contributions failed to transmitted timely2025-10-0118449
Employer contributions to plan in this plan year2025-10-01285678
Fees paid to broker by Benefit Provider2025-10-015003
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0137575
2024 : GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-31447524
Net assets as of the end of the plan year2024-07-311503498
Total assets as of the beginning of the plan year2024-07-311027444
Value of plan covered by a fidelity bond2024-07-31150000
Participant contributions to plan in this plan year2024-07-31329392
Value of participant loans at end of plan year2024-07-3146985
Other contributions to plan in this plan year2024-07-3171012
Other income to plan in this plan year2024-07-31213798
Plan net income in this plan year2024-07-31476054
Net assets as of the end of the plan year2024-07-311503498
Net assets as of the beginning of the plan year2024-07-311027444
Employer contributions to plan in this plan year2024-07-31309376
Fees paid to broker by Benefit Provider2024-07-317231
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-3136097
2022 : GALILEO TECHNOLOGIES CORP. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-0363611
Net assets as of the end of the plan year2022-10-031305563
Total assets as of the beginning of the plan year2022-10-03490638
Value of plan covered by a fidelity bond2022-10-0310000
Participant contributions to plan in this plan year2022-10-03135738
Value of participant loans at end of plan year2022-10-0310595
Other contributions to plan in this plan year2022-10-03492540
Other income to plan in this plan year2022-10-0380139
Plan net income in this plan year2022-10-03814925
Net assets as of the end of the plan year2022-10-031305563
Net assets as of the beginning of the plan year2022-10-03490638
Employer contributions to plan in this plan year2022-10-03170119
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-0316331

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