Galen Health Institutes, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2013. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Galen Health Institutes, Inc. 401(k) Plan Facts (plan year 2013)

Plan name
GALEN HEALTH INSTITUTES, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GALEN HEALTH INSTITUTES, INC.
Participants
486 (440 active employees)
Former employees with a balance
133
Plan assets
$5,323,997 at Dec 31, 2013
Average account balance
$12,922 across 412 accounts
Employer contributions
$227,643 in plan year 2013 (15% of all contributions)
Plan year
Jan 1, 2013 – Dec 31, 2013
Plan established
Aug 22, 1994
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2013 (Jan 1, 2013 – Dec 31, 2013), filed Oct 3, 2014. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2013

  • $1.48 million went into the plan in contributions, $227,643 of it from the employer (15%).
  • $545,595 was paid out to participants.
  • Investment and other income added $760,855.
  • Administrative expenses were $11,339, about $28 per account.

How the Galen Health Institutes, Inc. 401(k) changed, 2009–2013

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009121$1.56 million$88,612$13,254
2010124$2.17 million$116,879$123,946
2011240$2.70 million$150,296$85,505
2012472$3.69 million$227,542$159,400
2013486$5.32 million$227,643$545,595

Galen Health Institutes, Inc. 401(k) Contact Information

Phone
502-410-6291
Mailing address
1031 ZORN AVENUE SUITE 400, LOUISVILLE KY 40207
Plan sponsor
GALEN HEALTH INSTITUTES, INC.
Employer identification number (EIN)
61-1140524
Plan number
001

Questions about the Galen Health Institutes, Inc. 401(k)

Is the Galen Health Institutes, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2013, and no later filing was found under this employer's EIN.

Does Galen Health Institutes, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2013 the employer contributed $227,643, 15% of all contributions.

Does the Galen Health Institutes, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Galen Health Institutes, Inc 401(k) plan?

486 participants at the start of plan year 2013, 440 of them active employees, and 133 former employees who still had money in the plan.

What is the average 401(k) balance at Galen Health Institutes, Inc?

About $12,922 per account: $5.32 million in plan assets across 412 accounts with a balance at the end of plan year 2013.

Who manages the Galen Health Institutes, Inc 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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