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PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST 401k Plan overview

Plan NamePRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST
Plan identification number 001

PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PRECISION STEEL MANUFACTURING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:PRECISION STEEL MANUFACTURING CORPORATION
Employer identification number (EIN):541535173
NAIC Classification:331200

Additional information about PRECISION STEEL MANUFACTURING CORPORATION

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1988-07-18
Company Identification Number: 0324465
Legal Registered Office Address: 1723 SEIBEL DR

ROANOKE
United States of America (USA)
24012

More information about PRECISION STEEL MANUFACTURING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DEBRA HONAKER2024-03-19
0012022-01-01DEBRA HONAKER2023-03-15
0012021-01-01DEBRA HONAKER2022-05-05
0012020-01-01DEBRA HONAKER2021-04-23
0012019-01-01DEBRA HONAKER2020-04-30
0012018-01-01VICKI AMOS2019-04-19
0012017-01-01VICKI AMOS2018-04-17
0012016-01-01VICKI AMOS2017-04-04
0012015-01-01VICKI AMOS2016-05-11
0012014-01-01VICKI AMOS2015-05-14
0012013-01-01VICKI AMOS2014-05-20
0012012-01-01VICKI AMOS2013-02-07
0012011-01-01VICKI AMOS2012-04-13
0012010-01-01VICKI AMOS2011-06-20

Financial Data on PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST

Measure Date Value
2025 : PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST 2025 401k financial data
Total liabilities as of the end of the plan year2025-04-160
Total liabilities as of the beginning of the plan year2025-04-160
Total expenses incurred by plan in this plan year2025-04-16195832
Net assets as of the end of the plan year2025-04-162990843
Total assets as of the beginning of the plan year2025-04-162648420
Value of plan covered by a fidelity bond2025-04-16350000
Participant contributions to plan in this plan year2025-04-16123765
Value of participant loans at end of plan year2025-04-1640866
Other expenses paid from plan in this plan year2025-04-161440
Other contributions to plan in this plan year2025-04-1633991
Other income to plan in this plan year2025-04-16346034
Plan net income in this plan year2025-04-16342423
Net assets as of the end of the plan year2025-04-162990843
Net assets as of the beginning of the plan year2025-04-162648420
Employer contributions to plan in this plan year2025-04-1634465
Fees paid to broker by Benefit Provider2025-04-1612491
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-160
2024 : PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST 2024 401k financial data
Total liabilities as of the end of the plan year2024-03-190
Total liabilities as of the beginning of the plan year2024-03-190
Total expenses incurred by plan in this plan year2024-03-194170
Net assets as of the end of the plan year2024-03-192648420
Total assets as of the beginning of the plan year2024-03-192118694
Value of plan covered by a fidelity bond2024-03-19300000
Participant contributions to plan in this plan year2024-03-19125559
Value of participant loans at end of plan year2024-03-1920911
Other expenses paid from plan in this plan year2024-03-19811
Other contributions to plan in this plan year2024-03-190
Other income to plan in this plan year2024-03-19372080
Plan net income in this plan year2024-03-19529726
Net assets as of the end of the plan year2024-03-192648420
Net assets as of the beginning of the plan year2024-03-192118694
Employer contributions to plan in this plan year2024-03-1936257
Fees paid to broker by Benefit Provider2024-03-1910433
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-190
2022 : PRECISION STEEL MANUFACTURING CORPORATION EMPLOYEE SAVINGS TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-051201
Net assets as of the end of the plan year2022-05-052644547
Total assets as of the beginning of the plan year2022-05-052179466
Value of plan covered by a fidelity bond2022-05-05300000
Participant contributions to plan in this plan year2022-05-05104350
Value of participant loans at end of plan year2022-05-0523752
Other expenses paid from plan in this plan year2022-05-05657
Other contributions to plan in this plan year2022-05-0512524
Other income to plan in this plan year2022-05-05317700
Plan net income in this plan year2022-05-05465081
Net assets as of the end of the plan year2022-05-052644547
Net assets as of the beginning of the plan year2022-05-052179466
Employer contributions to plan in this plan year2022-05-0531708
Fees paid to broker by Benefit Provider2022-05-0511191

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