401(k) · DOL Form 5500 · 2022

Galen Healthcare Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
121
Participants Small participant base
72nd
Percentile by assets National rank
$121,639
Avg per participant Near avg balance/head
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Official DOL plan name: Galen Healthcare Solutions, Inc. 401(k) Plan · Sponsored by Galen Healthcare Solutions, Inc. · Illinois · Other Services

$15M in assets, 121 participants

Galen Healthcare Solutions, Inc.'s Galen Healthcare Solutions, Inc. 401(k) Plan reported $15M in total assets and 121 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • #7,070 in Other Services (8,398 peers)

Coverage in Illinois

Galen Healthcare Solutions, Inc. 401(k) Plan covers 121 participants in Illinois, about 16% of the average Illinois filer (state average ~779 per filing). Assets: $15M.

#7,070
in Other Services (8,398 peers)
-18.7%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Galen Healthcare Solutions, Inc. 401(k) Plan's outsized position by total assets

Galen Healthcare Solutions, Inc. 401(k) Plan vs every filed plan by assets

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

$14,718,359 Top 28% higher than 72% 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

Galen Healthcare Solutions, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Galen Healthcare Solutions, Inc. 401(k) Plan sits mid-pack in the medium band (121 participants).

EBSA filing schedule strip

Filing strip 203932244 · Galen Healthcare Solutions, Inc. PY 2022 · 401(k)

Galen Healthcare Solutions, Inc. 401(k) Plan · $15M · 121 · 72nd

  • RANK $15M
  • RANK 121
  • RANK 72nd
  • RANK 401(k)
  • RANK near Hanes Supply, Inc. 401(k) Plan
  • RANK ind #7070

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 Illinois →

Galen Healthcare Solutions, Inc. 401(k) Plan in the asset neighbourhood

Galen Healthcare Solutions, Inc. 401(k) PlanGalen Healthcare Solutions, …$15MHanes Supply, Inc. 401(k) PlanHanes Supply, Inc. 401(k) Pl…$15MR.M. Towill Corporation 401(k) Retirement Savings PlanR.M. Towill Corporation 401(…$15MVasko Electric, Inc. 401(k) Profit Sharing PlanVasko Electric, Inc. 401(k) …$15MElemental Scientific 401(k) Profit Sharing PlanElemental Scientific 401(k) …$15M
End-of-year total assets ($M) among Galen Healthcare Solutions, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$15M
Net Income-$3M
Employer EIN203932244
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Galen Healthcare Solutions, Inc.)

Sponsor-wide plan assets over time

All Galen Healthcare Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2023 filing year
$0M$5M$10M$15M$20M 20222023 $14.7M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 121 $15M
2023 1 131 N/A

Nearby 401(k) Plans in Illinois

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

Galen Healthcare Solutions, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Galen Healthcare Solutions, Inc. 401(k) Plan, Total assets ($B): 0.014718359 · Participants: 121Galen Healthcare Solutions, Inc. 401(k) PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Galen Healthcare Solutions, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Galen Healthcare Solutions, Inc. 401(k) Plan side-by-side with 3 peers →

Galen Healthcare Solutions, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Hanes Supply, Inc. 401(k) Plan in NY ($15M); by covered participants it is Associates in Pediatric Therapy LLC 401(k) Plan in KY (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Galen Healthcare Solutions, Inc. 401(k) Plan assets move in 2022? ▼
Galen Healthcare Solutions, Inc. 401(k) Plan declined sharply - down 18.7% during 2022, from $18M to $15M. Reported net income was -$3M.
Which 401(k) plans are similar in size to Galen Healthcare Solutions, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hanes Supply, Inc. 401(k) Plan in NY ($15M, 164 participants).
Which 401(k) plans cover a similar participant headcount to Galen Healthcare Solutions, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Associates in Pediatric Therapy LLC 401(k) Plan in KY (121 participants, N/A 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 203932244.

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.