R. M. Galicia, Inc.ESOP
PROGRESSIVE MANAGEMENT SYSTEMS EMPLOYEE STOCK OWNERSHIP PLAN · WEST COVINA, CA · plan year 2022
R. M. Galicia, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,514,030 across 166 participant accounts, with employer contributions averaging $352 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio rose from 0.000% to 0.000%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in California (6,487th of 9,483), and 1,273rd of 2,534 in administrative & support services.
R. M. Galicia, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 953901427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.