GALAXY BUILDERS, INC. has sponsored the creation of one or more 401k plans.
Additional information about GALAXY BUILDERS, INC.
| Measure | Date | Value |
|---|
| 2025: GALAXY BUILDERS 401(K) PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-07-14 | 146 |
| Total number of particpants at end of year | 2025-07-14 | 125 |
| Number of Participants With Account Balances | 2025-07-14 | 90 |
| 2024: GALAXY BUILDERS 401(K) PLAN 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-06-24 | 136 |
| Total number of particpants at end of year | 2024-06-24 | 144 |
| Number of Participants With Account Balances | 2024-06-24 | 98 |
| 2021: GALAXY BUILDERS 401(K) PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-01-01 | 96 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 97 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 20 |
| Total of all active and inactive participants | 2021-01-01 | 117 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
| Total participants | 2021-01-01 | 117 |
| Number of participants with account balances | 2021-01-01 | 87 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2025 : GALAXY BUILDERS 401(K) PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-07-14 | 0 |
| Total liabilities as of the end of the plan year | 2025-07-14 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-07-14 | 0 |
| Total expenses incurred by plan in this plan year | 2025-07-14 | 398561 |
| Net assets as of the end of the plan year | 2025-07-14 | 4227937 |
| Total assets as of the beginning of the plan year | 2025-07-14 | 3367157 |
| Value of plan covered by a fidelity bond | 2025-07-14 | 500000 |
| Participant contributions to plan in this plan year | 2025-07-14 | 563558 |
| Value of participant loans at end of plan year | 2025-07-14 | 89827 |
| Other expenses paid from plan in this plan year | 2025-07-14 | 0 |
| Other contributions to plan in this plan year | 2025-07-14 | 0 |
| Other income to plan in this plan year | 2025-07-14 | 426937 |
| Plan net income in this plan year | 2025-07-14 | 860780 |
| Net assets as of the end of the plan year | 2025-07-14 | 4227937 |
| Net assets as of the beginning of the plan year | 2025-07-14 | 3367157 |
| Employer contributions to plan in this plan year | 2025-07-14 | 268846 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-07-14 | 28959 |
| 2024 : GALAXY BUILDERS 401(K) PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-06-24 | 0 |
| Total liabilities as of the end of the plan year | 2024-06-24 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-06-24 | 0 |
| Total expenses incurred by plan in this plan year | 2024-06-24 | 354556 |
| Net assets as of the end of the plan year | 2024-06-24 | 3367157 |
| Total assets as of the beginning of the plan year | 2024-06-24 | 2506426 |
| Value of plan covered by a fidelity bond | 2024-06-24 | 250643 |
| Participant contributions to plan in this plan year | 2024-06-24 | 528181 |
| Value of participant loans at end of plan year | 2024-06-24 | 60892 |
| Other expenses paid from plan in this plan year | 2024-06-24 | 0 |
| Other contributions to plan in this plan year | 2024-06-24 | 0 |
| Other income to plan in this plan year | 2024-06-24 | 440633 |
| Plan net income in this plan year | 2024-06-24 | 860731 |
| Net assets as of the end of the plan year | 2024-06-24 | 3367157 |
| Net assets as of the beginning of the plan year | 2024-06-24 | 2506426 |
| Employer contributions to plan in this plan year | 2024-06-24 | 246473 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-06-24 | 21946 |
| 2021 : GALAXY BUILDERS 401(K) PLAN 2021 401k financial data |
|---|
| Transfers to/from the plan | 2021-12-31 | $0 |
| Total plan liabilities at end of year | 2021-12-31 | $0 |
| Total plan liabilities at beginning of year | 2021-12-31 | $0 |
| Total income from all sources | 2021-12-31 | $793,132 |
| Expenses. Total of all expenses incurred | 2021-12-31 | $69,430 |
| Benefits paid (including direct rollovers) | 2021-12-31 | $51,615 |
| Total plan assets at end of year | 2021-12-31 | $2,455,222 |
| Total plan assets at beginning of year | 2021-12-31 | $1,731,520 |
| Value of fidelity bond covering the plan | 2021-12-31 | $20,000 |
| Total contributions received or receivable from participants | 2021-12-31 | $330,971 |
| Expenses. Other expenses not covered elsewhere | 2021-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2021-12-31 | $0 |
| Other income received | 2021-12-31 | $297,690 |
| Net income (gross income less expenses) | 2021-12-31 | $723,702 |
| Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $2,455,222 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,731,520 |
| Assets. Value of participant loans | 2021-12-31 | $21,268 |
| Total contributions received or receivable from employer(s) | 2021-12-31 | $164,471 |
| Value of certain deemed distributions of participant loans | 2021-12-31 | $0 |
| Value of corrective distributions | 2021-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $17,815 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Funding deficiency by the employer to the plan for this plan year | 2021-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2021-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2021-12-31 | $0 |
