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PRECISION ELECTRIC GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NamePRECISION ELECTRIC GROUP, INC. 401(K) PLAN
Plan identification number 001

PRECISION ELECTRIC GROUP, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PRECISION ELECTRIC GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION ELECTRIC GROUP, INC.
Employer identification number (EIN):201707458
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about PRECISION ELECTRIC GROUP, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2004-10-05
Company Identification Number: 602434703
Legal Registered Office Address: 1420 5TH AVE STE 4200

SEATTLE
United States of America (USA)
981012375

More information about PRECISION ELECTRIC GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION ELECTRIC GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01MARK D. DAVIS2017-10-03
0012015-01-01MARK DAVIS2016-09-26
0012014-01-01MARK DAVIS2015-05-22
0012013-01-01MARK DAVIS2014-06-20
0012012-01-01MARK DAVIS2013-05-22
0012011-01-01MARK DAVIS2013-06-05
0012010-01-01CINDI WUNDERS2011-07-19 CINDI WUNDERS2011-07-19

Plan Statistics for PRECISION ELECTRIC GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for PRECISION ELECTRIC GROUP, INC. 401(K) PLAN

Measure Date Value
2024: PRECISION ELECTRIC GROUP, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1060
Total number of particpants at end of year2024-10-1067
Number of Participants With Account Balances2024-10-1067

Financial Data on PRECISION ELECTRIC GROUP, INC. 401(K) PLAN

Measure Date Value
2024 : PRECISION ELECTRIC GROUP, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-100
Total liabilities as of the beginning of the plan year2024-10-100
Total expenses incurred by plan in this plan year2024-10-1072464
Net assets as of the end of the plan year2024-10-103835736
Total assets as of the beginning of the plan year2024-10-102419939
Value of plan covered by a fidelity bond2024-10-10465000
Participant contributions to plan in this plan year2024-10-10304032
Other contributions to plan in this plan year2024-10-10376475
Other income to plan in this plan year2024-10-10422055
Plan net income in this plan year2024-10-101415797
Net assets as of the end of the plan year2024-10-103835736
Net assets as of the beginning of the plan year2024-10-102419939
Value of contributions failed to transmitted timely2024-10-10127146
Employer contributions to plan in this plan year2024-10-10385699
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-108605

Potentially related plans

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