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GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameGALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

GALGAS RUSSELL LLP 401(K) AND 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.
  • 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

GALGAS RUSSELL LLP has sponsored the creation of one or more 401k plans.

Company Name:GALGAS RUSSELL LLP
Employer identification number (EIN):953535236
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LAILA POONJA2024-10-10
0012022-01-01LAILA POONJA2023-10-07
0012021-01-01LAILA POONJA2022-10-12
0012020-01-01LAILA POONJA2021-10-13
0012019-01-01
0012018-01-01
0012017-01-01MARK WEBER2018-08-28
0012016-01-01MARK WEBER2017-09-13
0012015-01-01MARK WEBER2016-08-16
0012014-01-01MARK WEBER2015-08-31
0012013-08-01MARK WEBER2014-08-22
0012012-01-01ROBERT W HAY ROBERT W HAY2013-06-08
0012011-01-01ROBERT W HAY ROBERT W HAY2012-05-10
0012009-01-01ROBERT W HAY
0012009-01-01ROBERT W HAY ROBERT W HAY2010-08-23
0012009-01-01ROBERT W HAY

Financial Data on GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2025 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-06172327
Net assets as of the end of the plan year2025-10-068877135
Total assets as of the beginning of the plan year2025-10-067619369
Value of plan covered by a fidelity bond2025-10-06500000
Participant contributions to plan in this plan year2025-10-06307238
Other income to plan in this plan year2025-10-06920031
Plan net income in this plan year2025-10-061257766
Net assets as of the end of the plan year2025-10-068877135
Net assets as of the beginning of the plan year2025-10-067619369
Employer contributions to plan in this plan year2025-10-06202824
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-06195
2024 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-10121480
Net assets as of the end of the plan year2024-10-107619369
Total assets as of the beginning of the plan year2024-10-106128888
Value of plan covered by a fidelity bond2024-10-10500000
Participant contributions to plan in this plan year2024-10-10298268
Other contributions to plan in this plan year2024-10-1095464
Other income to plan in this plan year2024-10-101030724
Plan net income in this plan year2024-10-101490481
Net assets as of the end of the plan year2024-10-107619369
Net assets as of the beginning of the plan year2024-10-106128888
Employer contributions to plan in this plan year2024-10-10187505
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1055
2022 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-123003382
Net assets as of the end of the plan year2022-10-126848960
Total assets as of the beginning of the plan year2022-10-128226984
Value of plan covered by a fidelity bond2022-10-12500000
Participant contributions to plan in this plan year2022-10-12257134
Other income to plan in this plan year2022-10-121190600
Plan net income in this plan year2022-10-12-1378024
Net assets as of the end of the plan year2022-10-126848960
Net assets as of the beginning of the plan year2022-10-128226984
Employer contributions to plan in this plan year2022-10-12177624
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-1235951
2012 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,454,665
Expenses. Total of all expenses incurred2012-12-31$31,105
Benefits paid (including direct rollovers)2012-12-31$31,105
Total plan assets at end of year2012-12-31$9,312,414
Total plan assets at beginning of year2012-12-31$7,888,854
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$252,580
Other income received2012-12-31$866,114
Net income (gross income less expenses)2012-12-31$1,423,560
Net plan assets at end of year (total assets less liabilities)2012-12-31$9,312,414
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$7,888,854
Total contributions received or receivable from employer(s)2012-12-31$335,971
2011 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$215,962
Expenses. Total of all expenses incurred2011-12-31$104,791
Benefits paid (including direct rollovers)2011-12-31$104,791
Total plan assets at end of year2011-12-31$7,888,854
Total plan assets at beginning of year2011-12-31$7,777,683
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$230,720
Other income received2011-12-31$-339,602
Net income (gross income less expenses)2011-12-31$111,171
Net plan assets at end of year (total assets less liabilities)2011-12-31$7,888,854
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$7,777,683
Total contributions received or receivable from employer(s)2011-12-31$324,844
2010 : GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$1,347,853
Expenses. Total of all expenses incurred2010-12-31$24,689
Benefits paid (including direct rollovers)2010-12-31$24,689
Total plan assets at end of year2010-12-31$7,777,683
Total plan assets at beginning of year2010-12-31$6,454,519
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$248,210
Contributions received from other sources (not participants or employers)2010-12-31$21,447
Other income received2010-12-31$755,525
Net income (gross income less expenses)2010-12-31$1,323,164
Net plan assets at end of year (total assets less liabilities)2010-12-31$7,777,683
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$6,454,519
Total contributions received or receivable from employer(s)2010-12-31$322,671

Form 5500 Responses for GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN

2012: GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: GALGAS RUSSELL LLP 401(K) AND PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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