Precision Grinding & Manufacturing Corp. Profit Sharing 401(K) Retirement Plan — Form 5500 plan (Precision Grinding & Manufacturing Corp.)
Plain-English plan 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, Precision Grinding & Manufacturing Corp. Profit Sharing 401(K) Retirement Plan is a benefit plan reported by Precision Grinding & Manufacturing Corp. under EIN 16-0924683 and plan number 002. The latest loaded filing year is 2023. The filing reports 174 participants and $11,915,391 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Precision Grinding & Manufacturing Corp.
- EIN
- 16-0924683
- Plan number
- 002
- Plan type
- 2
- Location
- Rochester, NY
- Latest filing year
- 2023
- Participants
- 174
- End-of-year plan assets
- $11,915,391
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 174 | H, C | 20241010140457NAL0020245425001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,915,391
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,915,391
- Net assets (BOY)
- $10,194,240
Income & contributions
- Employer contributions
- $28,400
- Participant contributions
- $481,400
- Total contributions
- $509,800
- Total income / additions
- $2,166,843
Expenses & distributions
- Benefits paid
- $400,719
- Administrative expenses
- $44,053
- Total expenses
- $445,692
- Net increase / (decrease)
- $1,721,151
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First Great-West Life & Annuity | RECORDKEEPER | $32,043 | $0 | 2023 |
| Rbc Capital Markets, LLC | BROKER/ADVISOR | $0 | $17,795 | 2023 |
| Flaherty Salmin Llp | AUDITOR | $8,400 | not reported in the loaded dataset | 2023 |
| Lifetime Benefit Solutions | CONTRACT ADMIN | $935 | $5,000 | 2023 |
| Empower Advisory Group | INVESTMENT MGMT | $4,500 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Precision Grinding & Manufacturing Corp.
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Rochester, NY
- First Great-West Life & Annuity — Schedule C compensation
- Rbc Capital Markets, LLC — Schedule C compensation
- Flaherty Salmin Llp — Schedule C compensation
- Lifetime Benefit Solutions — Schedule C compensation
- Empower Advisory Group — Schedule C compensation