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PRECISION CAPITAL, LTD CASH BALANCE PLAN 401k Plan overview

Plan NamePRECISION CAPITAL, LTD CASH BALANCE PLAN
Plan identification number 002

PRECISION CAPITAL, LTD CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PRECISION CAPITAL, LTD. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION CAPITAL, LTD.
Employer identification number (EIN):473043619
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION CAPITAL, LTD CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01RICHARD SIPPOLA2024-10-10
0022022-01-01RICHARD SIPPOLA2023-10-13
0022022-01-01RICHARD SIPPOLA2024-10-10
0022021-01-01RICHARD SIPPOLA2022-10-14
0022021-01-01RICHARD SIPPOLA2022-10-14
0022020-01-01RICHARD SIPPOLA2021-10-06
0022019-01-01RICHARD SIPPOLA2020-10-12

Plan Statistics for PRECISION CAPITAL, LTD CASH BALANCE PLAN

401k plan membership statisitcs for PRECISION CAPITAL, LTD CASH BALANCE PLAN

Measure Date Value
2025: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0296
Total number of particpants at end of year2025-10-02108
2024: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1087
Total number of particpants at end of year2024-10-1096
2022: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-311,254,572
Acturial value of plan assets2022-12-311,254,572
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3129
Fundng target for terminated vested participants2022-12-317,544
Active participant vested funding target2022-12-311,960,879
Number of active participants2022-12-3158
Total funding liabilities for active participants2022-12-311,971,782
Total participant count2022-12-3187
Total funding target for all participants2022-12-311,979,326
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31427,347
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-31299,229
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31106,801
Unpaid minimum required contributions for all prior years2022-12-31299,229
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-31299,229
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3139,773
Net shortfall amortization installment of oustanding balance2022-12-31724,754
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31106,749
Additional cash requirement2022-12-31106,749
Contributions allocatedtoward minimum required contributions for current year2022-12-31106,801
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,355,577
Acturial value of plan assets2021-12-311,355,577
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3123
Fundng target for terminated vested participants2021-12-316,345
Active participant vested funding target2021-12-311,232,888
Number of active participants2021-12-3159
Total funding liabilities for active participants2021-12-311,234,487
Total participant count2021-12-3182
Total funding target for all participants2021-12-311,240,832
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31105
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31105
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31200,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31192,713
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31606,687
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31491,942
Additional cash requirement2021-12-31491,942
Contributions allocatedtoward minimum required contributions for current year2021-12-31192,713
Unpaid minimum required contributions for current year2021-12-31299,229
Unpaid minimum required contributions for all years2021-12-31299,229
2020: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-31651,677
Acturial value of plan assets2020-12-31651,677
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3120
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-310
Number of active participants2020-12-3135
Total funding liabilities for active participants2020-12-31489,016
Total participant count2020-12-3155
Total funding target for all participants2020-12-31489,016
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3187,583
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3187,583
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31562,311
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31545,098
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31707,654
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31544,993
Additional cash requirement2020-12-31544,993
Contributions allocatedtoward minimum required contributions for current year2020-12-31545,098
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PRECISION CAPITAL, LTD CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3131
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3131
Total funding target for all participants2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31561,896
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31551,526
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31463,943
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31463,943
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31463,943
Contributions allocatedtoward minimum required contributions for current year2019-12-31551,526
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on PRECISION CAPITAL, LTD CASH BALANCE PLAN

Measure Date Value
2025 : PRECISION CAPITAL, LTD CASH BALANCE PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-029972
Net assets as of the end of the plan year2025-10-022826227
Total assets as of the beginning of the plan year2025-10-022051840
Value of plan covered by a fidelity bond2025-10-021000000
Other income to plan in this plan year2025-10-02336853
Plan net income in this plan year2025-10-02774387
Net assets as of the end of the plan year2025-10-022826227
Net assets as of the beginning of the plan year2025-10-022051840
Employer contributions to plan in this plan year2025-10-02447506
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-029972
2024 : PRECISION CAPITAL, LTD CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-100
Net assets as of the end of the plan year2024-10-102051840
Total assets as of the beginning of the plan year2024-10-101681919
Value of plan covered by a fidelity bond2024-10-101000000
Other income to plan in this plan year2024-10-10317765
Plan net income in this plan year2024-10-10369921
Net assets as of the end of the plan year2024-10-102051840
Net assets as of the beginning of the plan year2024-10-101681919
Employer contributions to plan in this plan year2024-10-1052156

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