Niles Precision Company Employees' Profit Sharing/401(K) Plan — Form 5500 plan (Niles Precision Company)
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, Niles Precision Company Employees' Profit Sharing/401(K) Plan is a benefit plan reported by Niles Precision Company under EIN 38-1351498 and plan number 001. The latest loaded filing year is 2023. The filing reports 187 participants and $21,008,665 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$21MPlan net assets, end of year$21,008,665
Participants187Covered participants reported
Assets / participant$112.3KComputed: assets ÷ participants$112,346 (computed)
Provider compensation$75.4K3 Schedule C provider row(s)$75,389
- Plan sponsor
- Niles Precision Company
- EIN
- 38-1351498
- Plan number
- 001
- Plan type
- 2
- Location
- Niles, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 187 | H, C | 20240920134440NAL0007903905001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$21M total assets
Net assets$21MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $21,008,665
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,008,665
- Net assets (BOY)
- $19,357,602
Income & contributions
- Employer contributions
- $90,621
- Participant contributions
- $572,947
- Total contributions
- $665,923
- Total income / additions
- $3,145,040
Expenses & distributions
- Benefits paid
- $1,418,587
- Administrative expenses
- $75,390
- Total expenses
- $1,493,977
- Net increase / (decrease)
- $1,651,063
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
14%86%
Employer 14%Participant 86%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Actium LLC | INVESTMENT ADVISOR | $26,299 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $25,601 | $0 | 2023 |
| Fifth Third Bank | INVESTMENT ADVISOR | $23,489 | not reported in the loaded dataset | 2023 |