# Galloway, INC. 401(k) Plan
Source: https://planprovider.pro/companies/galloway-inc-401k-plan

> Galloway, INC.'s 401(k) plan: 160 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Galloway, INC.

- **Sponsor EIN:** 133728651

- **Sponsor Address:** 109 ROYAL PALM WAY, PALM BEACH, FL, 33480

- **Plan Type:** 401(k)

- **Total Participants:** 160

- **Total Assets:** $51.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|160|$51.1M|$2.2M|$1.7M|

| 2023|148|$43.5M|$2.1M|$1.5M|

| 2022|115|$36.8M|$1.8M|$982,623|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| BERARD & ASSOCIATES, CPA P.C.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$112,225|$110,717|$1,508|—|—|

| 2023|$89,515|$88,027|$1,488|—|—|

| 2022|$148,349|$148,349|—|—|—|

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