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HN PRECISION 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameHN PRECISION 401(K) RETIREMENT PLAN
Plan identification number 001

HN PRECISION 401(K) RETIREMENT 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

PREMIER INDUSTRIAL GROUP, LLC DBA HN PRECISION has sponsored the creation of one or more 401k plans.

Company Name:PREMIER INDUSTRIAL GROUP, LLC DBA HN PRECISION
Employer identification number (EIN):862707546
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HN PRECISION 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KURT GRIMM2024-10-02
0012022-01-01KURT GRIMM2023-07-11
0012021-04-15KURT GRIMM2022-07-27

Plan Statistics for HN PRECISION 401(K) RETIREMENT PLAN

401k plan membership statisitcs for HN PRECISION 401(K) RETIREMENT PLAN

Measure Date Value
2024: HN PRECISION 401(K) RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0264
Total number of particpants at end of year2024-10-0256
Number of Participants With Account Balances2024-10-0231
2022: HN PRECISION 401(K) RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-270
Total number of particpants at end of year2022-07-2781
Number of Participants With Account Balances2022-07-2742

Financial Data on HN PRECISION 401(K) RETIREMENT PLAN

Measure Date Value
2024 : HN PRECISION 401(K) RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-0273237
Net assets as of the end of the plan year2024-10-021777653
Total assets as of the beginning of the plan year2024-10-021426267
Value of plan covered by a fidelity bond2024-10-021000000
Participant contributions to plan in this plan year2024-10-02124632
Value of participant loans at end of plan year2024-10-0275184
Other expenses paid from plan in this plan year2024-10-029141
Other contributions to plan in this plan year2024-10-029630
Other income to plan in this plan year2024-10-02217312
Plan net income in this plan year2024-10-02351386
Net assets as of the end of the plan year2024-10-021777653
Net assets as of the beginning of the plan year2024-10-021426267
Employer contributions to plan in this plan year2024-10-0273049
2022 : HN PRECISION 401(K) RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-273492
Net assets as of the end of the plan year2022-07-27436312
Total assets as of the beginning of the plan year2022-07-270
Value of plan covered by a fidelity bond2022-07-271000000
Participant contributions to plan in this plan year2022-07-27111587
Value of participant loans at end of plan year2022-07-2749040
Other expenses paid from plan in this plan year2022-07-271309
Other contributions to plan in this plan year2022-07-27259422
Other income to plan in this plan year2022-07-2713046
Plan net income in this plan year2022-07-27436312
Net assets as of the end of the plan year2022-07-27436312
Net assets as of the beginning of the plan year2022-07-270
Employer contributions to plan in this plan year2022-07-2755749

Potentially related plans

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