2023 Form 5500 filing — Precision Grinding & Manufacturing Corp. Profit Sharing 401(K) Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010140457NAL0020245425001) for Precision Grinding & Manufacturing Corp. Profit Sharing 401(K) Retirement Plan, reported by Precision Grinding & Manufacturing Corp. under EIN 16-0924683 and plan number 002. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010140457NAL0020245425001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Precision Grinding & Manufacturing Corp.
- EIN
- 16-0924683
- Plan number
- 002
- Location
- Rochester, NY
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,915,391
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,915,391
- Employer contributions
- $28,400
- Participant contributions
- $481,400
- Total income / additions
- $2,166,843
- Benefits paid
- $400,719
- Administrative expenses
- $44,053
- Total expenses
- $445,692
- Net increase / (decrease)
- $1,721,151
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| First Great-West Life & Annuity | RECORDKEEPER | $32,043 | $0 |
| Rbc Capital Markets, LLC | BROKER/ADVISOR | $0 | $17,795 |
| Flaherty Salmin Llp | AUDITOR | $8,400 | not reported in the loaded dataset |
| Lifetime Benefit Solutions | CONTRACT ADMIN | $935 | $5,000 |
| Empower Advisory Group | INVESTMENT MGMT | $4,500 | not reported in the loaded dataset |