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PRECISION CONTROL 401(K) 401k Plan overview

Plan NamePRECISION CONTROL 401(K)
Plan identification number 001

PRECISION CONTROL 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 FINISHING INC has sponsored the creation of one or more 401k plans.

Company Name:PRECISION CONTROL FINISHING INC
Employer identification number (EIN):954770434
NAIC Classification:323100

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-09-11
0012022-01-01SHIRLEY HORNER2023-09-11

Financial Data on PRECISION CONTROL 401(K)

Measure Date Value
2025 : PRECISION CONTROL 401(K) 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-2077
Net assets as of the end of the plan year2025-07-2075159
Total assets as of the beginning of the plan year2025-07-2034902
Value of plan covered by a fidelity bond2025-07-204000
Participant contributions to plan in this plan year2025-07-2034516
Other income to plan in this plan year2025-07-205818
Plan net income in this plan year2025-07-2040257
Net assets as of the end of the plan year2025-07-2075159
Net assets as of the beginning of the plan year2025-07-2034902
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2065
2024 : PRECISION CONTROL 401(K) 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-110
Net assets as of the end of the plan year2024-09-1134902
Total assets as of the beginning of the plan year2024-09-115033
Value of plan covered by a fidelity bond2024-09-111000
Participant contributions to plan in this plan year2024-09-1126679
Other income to plan in this plan year2024-09-113190
Plan net income in this plan year2024-09-1129869
Net assets as of the end of the plan year2024-09-1134902
Net assets as of the beginning of the plan year2024-09-115033

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