401(k) · DOL Form 5500 · 2023

Galactic, Inc. 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
769
Participants Near avg headcount
76th
Percentile by assets National rank
$30,773
Avg per participant Low balance/head
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Official DOL plan name: Galactic Employer Services 401(k) Plan · Sponsored by Galactic, Inc. · Alabama · Administrative & Support Services

$24M in assets, 769 participants

Galactic, Inc.'s Galactic Employer Services 401(k) Plan reported $24M in total assets and 769 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #3,825 in Administrative & Support Services (4,372 peers)

Coverage in Alabama

Galactic Employer Services 401(k) Plan covers 769 participants in Alabama, 2.1x the typical Alabama plan (state average ~360 per filing). Assets: $24M.

#3,825
in Administrative & Support Services (4,372 peers)
+73.2%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Galactic Employer Services 401(k) Plan's outsized position by total assets

Galactic Employer Services 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$23,664,653 Top 24% higher than 76% of 127,068 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 2023

Galactic Employer Services 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Galactic Employer Services 401(k) Plan sits mid-pack in the medium band (769 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Galactic Employer Services 401(k) Plan reported net income rose from -$1M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Galactic Employer Services 401(k) Plan reported participants rose from 435 in the plan year 2022 filing to 769 in the plan year 2023 filing.
  • Galactic Employer Services 401(k) Plan end-of-year assets rose from $14M in the plan year 2022 filing to $24M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 630974457 · Galactic, Inc. PY 2023 · 401(k)

Galactic Employer Services 401(k) Plan · $24M · 769 · 76th

  • RANK $24M
  • RANK 769
  • RANK 76th
  • RANK 401(k)
  • RANK near Reserve Management Group 401(k) Plan
  • RANK ind #3825

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 Administrative & Support Services retirement plans → · Plans in Alabama →

Galactic Employer Services 401(k) Plan in the asset neighbourhood

Chet Morrison Contractors 401(k) PlanChet Morrison Contractors 40…$24MGalactic Employer Services 401(k) PlanGalactic Employer Services 4…$24MReserve Management Group 401(k) PlanReserve Management Group 401…$24MSba Defined Contribution Plan for C&f Mortgage CorporationSba Defined Contribution Pla…$24MFirestone Walker, Inc. 401(k) Profit Sharing PlanFirestone Walker, Inc. 401(k…$24M
End-of-year total assets ($M) among Galactic Employer Services 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$24M
Net Income$6M
Employer EIN630974457
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Galactic, Inc.)

Sponsor-wide plan assets over time

All Galactic, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 135.09799364432794% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $13.7M $32.1M ▲ +135.0%
Year Plans Participants Total Assets
2022 1 435 $14M
2023 1 769 $24M
2024 1 894 $32M

Nearby 401(k) Plans in Alabama

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

Galactic Employer Services 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Galactic Employer Services 401(k) Plan, Total assets ($B): 0.023664653 · Participants: 769Galactic Employer Services 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.854553916 · Participants: 20733Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.49327201 · Participants: 24565Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.479278219 · Participants: 4618Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.361024189 · Participants: 9487Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.090263356 · Participants: 0Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Galactic Employer Services 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Galactic Employer Services 401(k) Plan side-by-side with 3 peers →

Galactic Employer Services 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Reserve Management Group 401(k) Plan in OH ($24M); by covered participants it is Regal Marine 401(k) Retirement Plan in FL (769 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (769 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Galactic Employer Services 401(k) Plan assets move in 2023? ▼
Galactic Employer Services 401(k) Plan surged - up 73.2% during 2023, from $14M to $24M. Reported net income was $6M.
How have Galactic, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Galactic, Inc.'s sponsor-wide assets grew 135.1%, from $14M to $32M.
Where does Galactic Employer Services 401(k) Plan rank by assets among Form 5500 filers? ▼
Galactic Employer Services 401(k) Plan ranks in the 76th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Galactic Employer Services 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Reserve Management Group 401(k) Plan in OH ($24M, 727 participants).
Which 401(k) plans cover a similar participant headcount to Galactic Employer Services 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Regal Marine 401(k) Retirement Plan in FL (769 participants, $27M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 630974457.

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.