Plan5500

Precis Engineering, Inc. 401(K) Plan — Form 5500 plan (Precis Engineering, Inc.)

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, Precis Engineering, Inc. 401(K) Plan is a benefit plan reported by Precis Engineering, Inc. under EIN 20-2600116 and plan number 001. The latest loaded filing year is 2023. The filing reports 160 participants and $12,961,965 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Precis Engineering, Inc.
EIN
20-2600116
Plan number
001
Plan type
2
Location
Ambler, PA
Latest filing year
2023
Participants
160
End-of-year plan assets
$12,961,965

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023160H, C20240719051836NAL0003703507001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$12,961,965
Net assets (EOY)
$12,961,965
Net assets (BOY)
$9,498,757

Income & contributions

Employer contributions
$461,824
Participant contributions
$1,436,250
Total contributions
$1,898,074
Total income / additions
$3,759,881

Expenses & distributions

Benefits paid
$240,493
Administrative expenses
$56,180
Total expenses
$296,673
Net increase / (decrease)
$3,463,208

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Thrive Wealth ManagementADVISOR$40,683not reported in the loaded dataset2023
Mvp Plan Administrators, Inc.CONTRACT ADMINISTRATOR$15,109$02023

Related Form 5500 pages