GALAXY DIGITAL SERVICES LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GALAXY DIGITAL SERVICES LLC 401(K) PLAN
Measure | Date | Value |
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2022 : GALAXY DIGITAL SERVICES LLC 401(K) PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets from this plan | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $5,656,074 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $981,895 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $920,412 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $7,498,666 |
Value of total assets at end of year | 2022-12-31 | $15,945,347 |
Value of total assets at beginning of year | 2022-12-31 | $11,271,168 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $61,483 |
Total interest from all sources | 2022-12-31 | $1,821 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $205,037 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $205,037 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $4,166,851 |
Participant contributions at end of year | 2022-12-31 | $20,535 |
Participant contributions at beginning of year | 2022-12-31 | $26,877 |
Participant contributions at beginning of year | 2022-12-31 | $75,129 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,382,087 |
Administrative expenses (other) incurred | 2022-12-31 | $0 |
Total non interest bearing cash at end of year | 2022-12-31 | $118,503 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $104,117 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $4,674,179 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $15,945,347 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $11,271,168 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $61,483 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $15,773,507 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $11,007,610 |
Interest on participant loans | 2022-12-31 | $1,821 |
Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $32,802 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-2,049,453 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $3 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $1,949,728 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $57,435 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $920,412 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | WITHUMSMITH+BROWN, PC |
Accountancy firm EIN | 2022-12-31 | 222027092 |
2021 : GALAXY DIGITAL SERVICES LLC 401(K) PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $510 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $7,658,048 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $268,108 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $249,828 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $6,421,249 |
Value of total assets at end of year | 2021-12-31 | $11,138,604 |
Value of total assets at beginning of year | 2021-12-31 | $3,748,154 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,280 |
Total interest from all sources | 2021-12-31 | $36,829 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $191,421 |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $191,421 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $374,816 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $2,101,733 |
Participant contributions at end of year | 2021-12-31 | $26,877 |
Participant contributions at beginning of year | 2021-12-31 | $39,495 |
Participant contributions at end of year | 2021-12-31 | $75,129 |
Participant contributions at beginning of year | 2021-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $3,192,454 |
Total non interest bearing cash at end of year | 2021-12-31 | $104,117 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $7,389,940 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $11,138,094 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,748,154 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $18,280 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $11,007,610 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $3,708,659 |
Interest on participant loans | 2021-12-31 | $36,829 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,008,549 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $1,127,062 |
Employer contributions (assets) at end of year | 2021-12-31 | $57,435 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $249,828 |
Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $510 |
Liabilities. Value of benefit claims payable at beginning of year | 2021-12-31 | $0 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | WITHUMSMITH+BROWN, PC |
Accountancy firm EIN | 2021-12-31 | 222027092 |