Plan5500

Precision, Inc. 401(K) Plan — Form 5500 plan (Precision, 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, Precision, Inc. 401(K) Plan is a benefit plan reported by Precision, Inc. under EIN 42-1089098 and plan number 001. The latest loaded filing year is 2023. The filing reports 952 participants and $48,109,479 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Precision, Inc.
EIN
42-1089098
Plan number
001
Plan type
2
Location
Pella, IA
Latest filing year
2023
Participants
952
End-of-year plan assets
$48,109,479

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023952H, C20250729132524NAL0001640435001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$48,109,479
Total liabilities (EOY)
$0
Net assets (EOY)
$48,109,479
Net assets (BOY)
$37,598,793

Income & contributions

Participant contributions
$2,603,349
Total contributions
$3,629,992
Total income / additions
$13,602,630

Expenses & distributions

Benefits paid
$2,857,512
Administrative expenses
$128,688
Total expenses
$3,091,944
Net increase / (decrease)
$10,510,686

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$128,688$02023
Morningstar Investment Management LINV ADV, PARTICIPANTS$0$02023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages