401(k) · DOL Form 5500 · 2022

Galloway Management Group, Inc. 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
2
Participants Small participant base
25th
Percentile by assets National rank
$515,287
Avg per participant High balance/head
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Official DOL plan name: Galloway Management Group, Inc. 401(k) Profit Sharing Plan · Sponsored by Galloway Management Group, Inc. · North Carolina · Other Services

$1M in assets, 2 participants

Galloway Management Group, Inc.'s Galloway Management Group, Inc. 401(k) Profit Sharing Plan reported $1M in total assets and 2 participants in its 2022 DOL Form 5500 filing, ranking in the 25th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,095 in Other Services (8,398 peers)

Other Services sector rank

Within Other Services, Galloway Management Group, Inc. 401(k) Profit Sharing Plan ranks #4,095 of 8,398 2022 filers by assets (1948% of the sector average)-$1M for 2 participants.

#4,095
in Other Services (8,398 peers)
-17.0%
assets change YoY

The plan reported a net loss of $211K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Galloway Management Group, Inc. 401(k) Profit Sharing Plan among the smaller filed plans by assets

Galloway Management Group, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,030,573 25th percentile higher than 25% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Galloway Management Group, Inc. 401(k) Profit Sharing Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Galloway Management Group, Inc. 401(k) Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

Form 5500 schedule snapshot

Filing strip 472061002 · Galloway Management Group, Inc. PY 2022 · 401(k)

Galloway Management Group, Inc. 401(k) Profit Sharing Plan · $1M · 2 · 25th

  • RANK $1M
  • RANK 2
  • RANK 25th
  • RANK 401(k)
  • RANK near Alta Drywall 401(k) Plan
  • RANK ind #4095

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in North Carolina →

Galloway Management Group, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Galloway Management Group, Inc. 401(k) Profit Sharing PlanGalloway Management Group, I…$1MAlta Drywall 401(k) Plan$1MGwu Unlimited, Inc. 401(k) PlanGwu Unlimited, Inc. 401(k) P…$1MJohn C. W. Worsley, Jr., P.C. Profit Sharing PlanJohn C. W. Worsley, Jr., P.C…$1MRec2 Enterprises Incorporated 401(k) PlanRec2 Enterprises Incorporate…$1M
End-of-year total assets ($M) among Galloway Management Group, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Other Services filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income-$211K
Employer EIN472061002
Plan Effective Date2014-10-13
Filing StatusFILING RECEIVED

Sponsor Plan History (Galloway Management Group, Inc.)

Sponsor-wide plan assets over time

All Galloway Management Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$397K 61.509762044998276% vs 2022
2024 filing year
$0M$0.5M$1M$1.5M 202220232024 $1.03M $0.4M ▼ -61.2%
Year Plans Participants Total Assets
2022 1 2 $1M
2023 1 2 $1M
2024 1 3 $397K

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Galloway Management Group, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Galloway Management Group, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.001030573 · Participants: 2Galloway Management Group, Inc. 401(k) Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Galloway Management Group, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Galloway Management Group, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Galloway Management Group, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Alta Drywall 401(k) Plan in CA ($1M); by covered participants it is Cbf Discount Transmissions, Inc 401(k) Plan in TX (2 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1M here).

Similar participant headcount

Nearest other-state filings by covered participants (2 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Galloway Management Group, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Galloway Management Group, Inc. 401(k) Profit Sharing Plan declined sharply - down 17.0% during 2022, from $1M to $1M. Reported net income was -$211K.
How have Galloway Management Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Galloway Management Group, Inc.'s sponsor-wide assets declined 61.5%, from $1M to $397K.
Where does Galloway Management Group, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Galloway Management Group, Inc. 401(k) Profit Sharing Plan ranks in the 25th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the lower half of filed plans by assets).
Which 401(k) plans are similar in size to Galloway Management Group, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alta Drywall 401(k) Plan in CA ($1M, 168 participants).
Which 401(k) plans cover a similar participant headcount to Galloway Management Group, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cbf Discount Transmissions, Inc 401(k) Plan in TX (2 participants, $162K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 472061002.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.