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PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 STEEL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION STEEL SERVICES, INC.
Employer identification number (EIN):232888582
NAIC Classification:331200

Additional information about PRECISION STEEL SERVICES, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1978-08-25
Company Identification Number: 521706
Legal Registered Office Address: 31 E SYLVANIA AVENUE
-
TOLEDO
United States of America (USA)
43612

More information about PRECISION STEEL SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING 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
0012016-01-01
0012015-01-01
0012014-01-01WALTER A. DARBY2015-07-20
0012013-01-01WALTER A. DARBY2014-07-10
0012012-01-01WALTER A. DARBY2013-07-16
0012011-01-01WALTER A. DARBY2012-07-11
0012010-01-01WALTER A. DARBY2011-08-01

Financial Data on PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-09123989
Net assets as of the end of the plan year2025-10-094966121
Total assets as of the beginning of the plan year2025-10-094412206
Value of plan covered by a fidelity bond2025-10-09500000
Participant contributions to plan in this plan year2025-10-0992797
Value of participant loans at end of plan year2025-10-091704
Other income to plan in this plan year2025-10-09516375
Plan net income in this plan year2025-10-09553915
Net assets as of the end of the plan year2025-10-094966121
Net assets as of the beginning of the plan year2025-10-094412206
Value of contributions failed to transmitted timely2025-10-0939799
Employer contributions to plan in this plan year2025-10-0968732
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-093229
2024 : PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-24315179
Net assets as of the end of the plan year2024-09-244412206
Total assets as of the beginning of the plan year2024-09-243948419
Value of plan covered by a fidelity bond2024-09-24400000
Participant contributions to plan in this plan year2024-09-24103591
Other income to plan in this plan year2024-09-24601178
Plan net income in this plan year2024-09-24463787
Net assets as of the end of the plan year2024-09-244412206
Net assets as of the beginning of the plan year2024-09-243948419
Employer contributions to plan in this plan year2024-09-2474197
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-24865
2022 : PRECISION STEEL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-0673223
Net assets as of the end of the plan year2022-09-064633966
Total assets as of the beginning of the plan year2022-09-063965002
Value of plan covered by a fidelity bond2022-09-06400000
Participant contributions to plan in this plan year2022-09-0681634
Other income to plan in this plan year2022-09-06590756
Plan net income in this plan year2022-09-06668964
Net assets as of the end of the plan year2022-09-064633966
Net assets as of the beginning of the plan year2022-09-063965002
Employer contributions to plan in this plan year2022-09-0669797
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-062352

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