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EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

GALACTIC PERFORMANCE SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:GALACTIC PERFORMANCE SOLUTIONS, LLC
Employer identification number (EIN):461856912
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARTHA WILSON2024-06-06
0012022-01-01MARTHA WILSON2023-10-10
0012021-01-01MARTHA WILSON2022-08-22
0012020-01-01MARTHA WILSON2021-04-27
0012019-01-01MARTHA WILSON2020-07-15
0012018-01-01MARTHA WILSON2019-04-05
0012017-01-01MARTHA WILSON2018-04-11 MARTHA WILSON2018-04-11
0012016-01-01MARTHA WILSON2017-03-24 MARTHA WILSON2017-03-24
0012015-01-01MARTHA WILSON2016-04-20 MARTHA WILSON2016-04-20
0012014-01-01MARTHA WILSON2016-07-08 MARTHA WILSON2016-07-08

Plan Statistics for EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC

Measure Date Value
2025: EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC 2025 401k membership
Total number of particpants at beginning of year2025-09-1552
Total number of particpants at end of year2025-09-1547
Number of Participants With Account Balances2025-09-1540
2024: EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC 2024 401k membership
Total number of particpants at beginning of year2024-06-0651
Total number of particpants at end of year2024-06-0651
Number of Participants With Account Balances2024-06-0644

Financial Data on EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-150
Total liabilities as of the end of the plan year2025-09-150
Total liabilities as of the beginning of the plan year2025-09-150
Total expenses incurred by plan in this plan year2025-09-15578473
Net assets as of the end of the plan year2025-09-154131478
Total assets as of the beginning of the plan year2025-09-153724150
Value of plan covered by a fidelity bond2025-09-15372415
Participant contributions to plan in this plan year2025-09-15176474
Value of participant loans at end of plan year2025-09-1522457
Other expenses paid from plan in this plan year2025-09-150
Other contributions to plan in this plan year2025-09-15200000
Other income to plan in this plan year2025-09-15586985
Plan net income in this plan year2025-09-15407328
Net assets as of the end of the plan year2025-09-154131478
Net assets as of the beginning of the plan year2025-09-153724150
Employer contributions to plan in this plan year2025-09-1522342
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-1515945
2024 : EMPLOYEE BENEFIT PLAN OF GALACTIC PERFORMANCE SOLUTIONS, LLC 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-060
Total liabilities as of the end of the plan year2024-06-060
Total liabilities as of the beginning of the plan year2024-06-060
Total expenses incurred by plan in this plan year2024-06-06101831
Net assets as of the end of the plan year2024-06-063724150
Total assets as of the beginning of the plan year2024-06-063037749
Value of plan covered by a fidelity bond2024-06-06303775
Participant contributions to plan in this plan year2024-06-06164755
Value of participant loans at end of plan year2024-06-0632608
Other expenses paid from plan in this plan year2024-06-060
Other contributions to plan in this plan year2024-06-060
Other income to plan in this plan year2024-06-06606549
Plan net income in this plan year2024-06-06686401
Net assets as of the end of the plan year2024-06-063724150
Net assets as of the beginning of the plan year2024-06-063037749
Employer contributions to plan in this plan year2024-06-0616928
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-0612900

Potentially related plans

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