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PRECISION CONTROL SYSTEMS 401(K) PLAN 401k Plan overview

Plan NamePRECISION CONTROL SYSTEMS 401(K) PLAN
Plan identification number 001

PRECISION CONTROL SYSTEMS 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.
  • 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 CONTROL SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION CONTROL SYSTEMS, INC.
Employer identification number (EIN):411910058
NAIC Classification:333410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION CONTROL SYSTEMS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01THOMAS BALDWIN2024-01-17 THOMAS BALDWIN2024-01-17
0012022-01-01THOMAS BALDWIN2023-02-06 THOMAS BALDWIN2023-02-06

Financial Data on PRECISION CONTROL SYSTEMS 401(K) PLAN

Measure Date Value
2025 : PRECISION CONTROL SYSTEMS 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-02-10417
Total liabilities as of the beginning of the plan year2025-02-1017
Total expenses incurred by plan in this plan year2025-02-10274572
Net assets as of the end of the plan year2025-02-103993903
Total assets as of the beginning of the plan year2025-02-103368129
Value of plan covered by a fidelity bond2025-02-10450000
Participant contributions to plan in this plan year2025-02-10231448
Value of participant loans at end of plan year2025-02-109097
Other contributions to plan in this plan year2025-02-100
Other income to plan in this plan year2025-02-10514862
Plan net income in this plan year2025-02-10625374
Net assets as of the end of the plan year2025-02-103993486
Net assets as of the beginning of the plan year2025-02-103368112
Employer contributions to plan in this plan year2025-02-10153636
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-1014012
2024 : PRECISION CONTROL SYSTEMS 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-01-1717
Total expenses incurred by plan in this plan year2024-01-1710806
Net assets as of the end of the plan year2024-01-173368129
Total assets as of the beginning of the plan year2024-01-172491133
Value of plan covered by a fidelity bond2024-01-17450000
Participant contributions to plan in this plan year2024-01-17220460
Value of participant loans at end of plan year2024-01-1714004
Other contributions to plan in this plan year2024-01-1715767
Other income to plan in this plan year2024-01-17469836
Plan net income in this plan year2024-01-17876979
Net assets as of the end of the plan year2024-01-173368112
Net assets as of the beginning of the plan year2024-01-172491133
Employer contributions to plan in this plan year2024-01-17181722
Expensese paid to adminstrative service provicers from plan in this plan year2024-01-1710806

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