Plan Ledger DOL Form 5500 · updated monthly

Galaxy Systems, Inc.401(k)

GALAXY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · SOMERSET, NJ · plan year 2024

Reported admin expense ratio · 2024
0.49%

Galaxy Systems, Inc. reported $148,711 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.47% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 800th-largest of 2,419 plans among New Jersey employers on file, and the 3,994th of 11,654 in professional & technical services. active participation has shrunk from 646 to 498 since 2022.

Plan summary
Net assets, end of year$31,649,144
Participants with balances605
Active participants498
Employer contributions—
Employee contributions$3,572,623
Employer contribution per active participant—
Average account balance$52,313
Benefits paid to participants$5,068,541
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$31.6M · 605 accts
2023$28.8M · 616 accts
2022$25.5M · 734 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,037
Investment management$3,724
Audit (IQPA)$15,950
Total administrative$148,711
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$129,037
CLIFTONLARSONALLEN LLP · Accounting / audit · Investment advisory (plan)$11,647
CLIFTONLARSENALLEN LLP · Accounting / audit$8,045
S B H U LIFE AGENCY INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$148,711 · 0.49%
2023$130,349 · 0.48%
2022$127,789 · 0.47%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Cb Neptune Holdings LLC NJ$32.7M · 0.11%
Eos Accountants LLP NJ$32.5M · 0.17%
Xtivia, Inc. NJ$32.5M · 0.21%
Advanced Digital Data, Inc. NJ$32.2M · 0.13%
Olympus Holdings, LLC NJ$31.6M · 0.05%
The Mercadien Group, LLC NJ$31.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133583090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.