# Galloway Ridge, INC. 403(b) Plan
Source: https://planprovider.pro/companies/galloway-ridge-inc-403b-plan

> Galloway Ridge, INC.'s 403(b) plan: 363 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

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

- **Sponsor EIN:** 562277623

- **Sponsor Address:** 3000 GALLOWAY RIDGE, PITTSBORO, NC, 27312

- **Plan Type:** 403(b)

- **Total Participants:** 363

- **Total Assets:** $4.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

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

| 2024|363|$4.0M|$131,079|$447,575|

| 2023|314|$3.5M|$131,532|$382,680|

| 2022|94|$3.2M|$119,153|$358,296|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$21,783|—|$21,783|

| STIFEL NICOLAUS & COMPANY INC|OTHER SERVICES|—|$16,570|$16,570|

| PARSONS CPA, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STIFEL NICOLAUS & COMPANY INC](https://planprovider.pro/provider/stifel-nicolaus-and-company-incorporated) — OTHER SERVICES

- [PARSONS CPA, PLLC](https://planprovider.pro/provider/parsons-cpa-pllc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $38,353

- **Estimated Expense Ratio:** 0.952% of plan assets

### 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|$24,786|—|$24,786|—|—|

| 2023|$21,667|—|$21,667|—|—|

| 2022|$19,871|—|$19,871|—|—|

## Similar Plans

- [Lifespan, Incorporated](https://planprovider.pro/companies/lifespan-incorporated-403b-plan) — 347 participants

- [Goodwill Industries Of Eastern](https://planprovider.pro/companies/goodwill-industries-of-eastern-plan) — 341 participants

- [Cfsc Shared Services LLC](https://planprovider.pro/companies/cfsc-shared-services-llc-401k-plan) — 393 participants

- [Hospice Of Wake County, INC. Dba Transitions Lifecare](https://planprovider.pro/companies/hospice-of-wake-county-inc-dba-transitions-lifecare-403b-plan) — 448 participants

- [Generationed](https://planprovider.pro/companies/children-and-families-first-403b-plan) — 532 participants

- [The Association Of International Certified Professional Accountants](https://planprovider.pro/companies/the-association-of-international-certified-professional-accountants-401k-plan) — 724 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/galloway-ridge-inc-403b-plan)

© 2026 PlanProvider.Pro