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PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING 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.
  • 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 SYSTEMS INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION ELECTRIC SYSTEMS INC.
Employer identification number (EIN):205945391
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JENNY BARTH2024-07-29
0012022-01-01JENNY BARTH2023-09-25
0012021-01-01JENNY BARTH2022-09-28
0012020-01-01SARAH WELCH2021-10-15
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01BRANDY DARLING2018-07-09
0012016-01-01BRANDY DARLING2017-07-26

Plan Statistics for PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-08-1122
Total number of particpants at end of year2025-08-1116
Number of Participants With Account Balances2025-08-1113
2024: PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2918
Total number of particpants at end of year2024-07-2919
Number of Participants With Account Balances2024-07-2914
2022: PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-2815
Total number of particpants at end of year2022-09-2815
Number of Participants With Account Balances2022-09-2810

Financial Data on PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-08-119
Total liabilities as of the beginning of the plan year2025-08-119
Total expenses incurred by plan in this plan year2025-08-1188090
Net assets as of the end of the plan year2025-08-11323726
Total assets as of the beginning of the plan year2025-08-11291636
Value of plan covered by a fidelity bond2025-08-11500000
Participant contributions to plan in this plan year2025-08-1165059
Value of participant loans at end of plan year2025-08-115093
Other income to plan in this plan year2025-08-1131086
Plan net income in this plan year2025-08-1132090
Net assets as of the end of the plan year2025-08-11323717
Net assets as of the beginning of the plan year2025-08-11291627
Employer contributions to plan in this plan year2025-08-1124035
2024 : PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-299
Total liabilities as of the beginning of the plan year2024-07-29273
Total expenses incurred by plan in this plan year2024-07-296875
Net assets as of the end of the plan year2024-07-29291636
Total assets as of the beginning of the plan year2024-07-29187297
Value of plan covered by a fidelity bond2024-07-29500000
Participant contributions to plan in this plan year2024-07-2960813
Value of participant loans at end of plan year2024-07-29226
Other contributions to plan in this plan year2024-07-290
Other income to plan in this plan year2024-07-2934681
Plan net income in this plan year2024-07-29104603
Net assets as of the end of the plan year2024-07-29291627
Net assets as of the beginning of the plan year2024-07-29187024
Employer contributions to plan in this plan year2024-07-2915984
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-290
2022 : PRECISION ELECTRIC SYSTEMS INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-09-28500
Total expenses incurred by plan in this plan year2022-09-28200
Net assets as of the end of the plan year2022-09-28193640
Total assets as of the beginning of the plan year2022-09-28153822
Value of plan covered by a fidelity bond2022-09-28500000
Participant contributions to plan in this plan year2022-09-289807
Value of participant loans at end of plan year2022-09-283556
Other contributions to plan in this plan year2022-09-280
Other income to plan in this plan year2022-09-2819933
Plan net income in this plan year2022-09-2839318
Net assets as of the end of the plan year2022-09-28193140
Net assets as of the beginning of the plan year2022-09-28153822
Employer contributions to plan in this plan year2022-09-289778
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-28200

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