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PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 401k Plan overview

Plan NamePRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN
Plan identification number 002

PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
  • Life insurance

401k Sponsoring company profile

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

Company Name:PRECISION INDUSTRIES, LTD.
Employer identification number (EIN):990106344
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-06-01SCOTT FUJIMOTO2024-08-02
0022022-06-01SCOTT FUJIMOTO2023-07-19
0022021-06-01SCOTT FUJIMOTO2022-08-04
0022020-06-01SCOTT FUJIMOTO2021-07-12
0022019-06-01SCOTT FUJIMOTO2020-08-04
0022018-06-01SCOTT FUJIMOTO2019-09-30
0022017-06-01SCOTT FUJIMOTO
0022016-06-01SCOTT FUJIMOTO2017-07-12
0022015-06-01SCOTT FUJIMOTO2016-07-14
0022014-06-01SCOTT FUJIMOTO
0022013-06-01SCOTT FUJIMOTO
0022012-06-01SCOTT FUJIMOTO
0022011-06-01SCOTT FUJIMOTO
0022009-06-01SCOTT FUJIMOTO

Financial Data on PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN

Measure Date Value
2025 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-080
Total liabilities as of the end of the plan year2025-08-080
Total liabilities as of the beginning of the plan year2025-08-080
Total expenses incurred by plan in this plan year2025-08-085899
Net assets as of the end of the plan year2025-08-08752008
Total assets as of the beginning of the plan year2025-08-08677112
Value of plan covered by a fidelity bond2025-08-08100000
Participant contributions to plan in this plan year2025-08-080
Other expenses paid from plan in this plan year2025-08-080
Other contributions to plan in this plan year2025-08-080
Other income to plan in this plan year2025-08-0860795
Plan net income in this plan year2025-08-0874896
Net assets as of the end of the plan year2025-08-08752008
Net assets as of the beginning of the plan year2025-08-08677112
Employer contributions to plan in this plan year2025-08-0820000
Fees paid to broker by Benefit Provider2025-08-082080
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-085899
2024 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-020
Total liabilities as of the end of the plan year2024-08-020
Total liabilities as of the beginning of the plan year2024-08-020
Total expenses incurred by plan in this plan year2024-08-025102
Net assets as of the end of the plan year2024-08-02677112
Total assets as of the beginning of the plan year2024-08-02575290
Value of plan covered by a fidelity bond2024-08-02100000
Participant contributions to plan in this plan year2024-08-020
Other expenses paid from plan in this plan year2024-08-020
Other contributions to plan in this plan year2024-08-020
Other income to plan in this plan year2024-08-0291924
Plan net income in this plan year2024-08-02101822
Net assets as of the end of the plan year2024-08-02677112
Net assets as of the beginning of the plan year2024-08-02575290
Employer contributions to plan in this plan year2024-08-0215000
Fees paid to broker by Benefit Provider2024-08-021811
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-025102
2022 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-08-040
Total liabilities as of the end of the plan year2022-08-040
Total liabilities as of the beginning of the plan year2022-08-040
Total expenses incurred by plan in this plan year2022-08-044958
Net assets as of the end of the plan year2022-08-04567177
Total assets as of the beginning of the plan year2022-08-04589705
Value of plan covered by a fidelity bond2022-08-04100000
Participant contributions to plan in this plan year2022-08-040
Other expenses paid from plan in this plan year2022-08-040
Other contributions to plan in this plan year2022-08-040
Other income to plan in this plan year2022-08-04-37570
Plan net income in this plan year2022-08-04-22528
Net assets as of the end of the plan year2022-08-04567177
Net assets as of the beginning of the plan year2022-08-04589705
Employer contributions to plan in this plan year2022-08-0420000
Fees paid to broker by Benefit Provider2022-08-041753
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-044958
2018 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-05-31$0
Total plan liabilities at end of year2018-05-31$0
Total plan liabilities at beginning of year2018-05-31$0
Total income from all sources2018-05-31$33,620
Expenses. Total of all expenses incurred2018-05-31$3,102
Benefits paid (including direct rollovers)2018-05-31$0
Total plan assets at end of year2018-05-31$393,886
Total plan assets at beginning of year2018-05-31$363,368
Value of fidelity bond covering the plan2018-05-31$40,000
Total contributions received or receivable from participants2018-05-31$0
Expenses. Other expenses not covered elsewhere2018-05-31$3,102
Contributions received from other sources (not participants or employers)2018-05-31$0
Other income received2018-05-31$18,620
Noncash contributions received2018-05-31$0
Net income (gross income less expenses)2018-05-31$30,518
Net plan assets at end of year (total assets less liabilities)2018-05-31$393,886
Net plan assets at beginning of year (total assets less liabilities)2018-05-31$363,368
Total contributions received or receivable from employer(s)2018-05-31$15,000
Value of certain deemed distributions of participant loans2018-05-31$0
Value of corrective distributions2018-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-05-31$0
2015 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-05-31$0
Total plan liabilities at end of year2015-05-31$0
Total plan liabilities at beginning of year2015-05-31$34
Total income from all sources2015-05-31$31,432
Expenses. Total of all expenses incurred2015-05-31$2,423
Benefits paid (including direct rollovers)2015-05-31$0
Total plan assets at end of year2015-05-31$316,403
Total plan assets at beginning of year2015-05-31$287,428
Value of fidelity bond covering the plan2015-05-31$40,000
Total contributions received or receivable from participants2015-05-31$0
Expenses. Other expenses not covered elsewhere2015-05-31$0
Contributions received from other sources (not participants or employers)2015-05-31$0
Other income received2015-05-31$11,432
Noncash contributions received2015-05-31$0
Net income (gross income less expenses)2015-05-31$29,009
Net plan assets at end of year (total assets less liabilities)2015-05-31$316,403
Net plan assets at beginning of year (total assets less liabilities)2015-05-31$287,394
Total contributions received or receivable from employer(s)2015-05-31$20,000
Value of certain deemed distributions of participant loans2015-05-31$0
Value of corrective distributions2015-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-05-31$2,423
2014 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-05-31$0
Total plan liabilities at end of year2014-05-31$34
Total plan liabilities at beginning of year2014-05-31$0
Total income from all sources2014-05-31$39,977
Expenses. Total of all expenses incurred2014-05-31$2,196
Benefits paid (including direct rollovers)2014-05-31$43
Total plan assets at end of year2014-05-31$287,428
Total plan assets at beginning of year2014-05-31$249,613
Total contributions received or receivable from participants2014-05-31$0
Expenses. Other expenses not covered elsewhere2014-05-31$0
Contributions received from other sources (not participants or employers)2014-05-31$0
Other income received2014-05-31$24,977
Noncash contributions received2014-05-31$0
Net income (gross income less expenses)2014-05-31$37,781
Net plan assets at end of year (total assets less liabilities)2014-05-31$287,394
Net plan assets at beginning of year (total assets less liabilities)2014-05-31$249,613
Total contributions received or receivable from employer(s)2014-05-31$15,000
Value of certain deemed distributions of participant loans2014-05-31$0
Value of corrective distributions2014-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-05-31$2,153
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-05-31$0
2013 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-05-31$0
Total plan liabilities at end of year2013-05-31$0
Total plan liabilities at beginning of year2013-05-31$0
Total income from all sources2013-05-31$36,022
Expenses. Total of all expenses incurred2013-05-31$37,992
Benefits paid (including direct rollovers)2013-05-31$35,872
Total plan assets at end of year2013-05-31$249,613
Total plan assets at beginning of year2013-05-31$251,583
Total contributions received or receivable from participants2013-05-31$0
Expenses. Other expenses not covered elsewhere2013-05-31$2,120
Contributions received from other sources (not participants or employers)2013-05-31$0
Other income received2013-05-31$26,022
Noncash contributions received2013-05-31$0
Net income (gross income less expenses)2013-05-31$-1,970
Net plan assets at end of year (total assets less liabilities)2013-05-31$249,613
Net plan assets at beginning of year (total assets less liabilities)2013-05-31$251,583
Total contributions received or receivable from employer(s)2013-05-31$10,000
Value of certain deemed distributions of participant loans2013-05-31$0
Value of corrective distributions2013-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-05-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-05-31$0
2012 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-05-31$0
Total plan liabilities at end of year2012-05-31$0
Total plan liabilities at beginning of year2012-05-31$0
Total income from all sources2012-05-31$1,523
Expenses. Total of all expenses incurred2012-05-31$2,030
Benefits paid (including direct rollovers)2012-05-31$0
Total plan assets at end of year2012-05-31$251,583
Total plan assets at beginning of year2012-05-31$252,090
Total contributions received or receivable from participants2012-05-31$0
Expenses. Other expenses not covered elsewhere2012-05-31$0
Contributions received from other sources (not participants or employers)2012-05-31$0
Other income received2012-05-31$-8,477
Noncash contributions received2012-05-31$0
Net income (gross income less expenses)2012-05-31$-507
Net plan assets at end of year (total assets less liabilities)2012-05-31$251,583
Net plan assets at beginning of year (total assets less liabilities)2012-05-31$252,090
Total contributions received or receivable from employer(s)2012-05-31$10,000
Value of certain deemed distributions of participant loans2012-05-31$0
Value of corrective distributions2012-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-05-31$2,030
2011 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-05-31$0
Total plan liabilities at end of year2011-05-31$0
Total plan liabilities at beginning of year2011-05-31$628
Total income from all sources2011-05-31$42,900
Expenses. Total of all expenses incurred2011-05-31$5,168
Benefits paid (including direct rollovers)2011-05-31$3,191
Total plan assets at end of year2011-05-31$252,090
Total plan assets at beginning of year2011-05-31$214,986
Total contributions received or receivable from participants2011-05-31$0
Expenses. Other expenses not covered elsewhere2011-05-31$0
Contributions received from other sources (not participants or employers)2011-05-31$0
Other income received2011-05-31$32,900
Noncash contributions received2011-05-31$0
Net income (gross income less expenses)2011-05-31$37,732
Net plan assets at end of year (total assets less liabilities)2011-05-31$252,090
Net plan assets at beginning of year (total assets less liabilities)2011-05-31$214,358
Total contributions received or receivable from employer(s)2011-05-31$10,000
Value of certain deemed distributions of participant loans2011-05-31$0
Value of corrective distributions2011-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-05-31$1,977
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-05-31$0
2010 : PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-05-31$0

Form 5500 Responses for PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN

2017: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2017 form 5500 responses
2017-06-01Type of plan entitySingle employer plan
2017-06-01Submission has been amendedNo
2017-06-01This submission is the final filingNo
2017-06-01This return/report is a short plan year return/report (less than 12 months)No
2017-06-01Plan is a collectively bargained planNo
2017-06-01Plan funding arrangement – InsuranceYes
2017-06-01Plan funding arrangement – TrustYes
2017-06-01Plan benefit arrangement – InsuranceYes
2017-06-01Plan benefit arrangement - TrustYes
2014: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2014 form 5500 responses
2014-06-01Type of plan entitySingle employer plan
2014-06-01Submission has been amendedNo
2014-06-01This submission is the final filingNo
2014-06-01This return/report is a short plan year return/report (less than 12 months)No
2014-06-01Plan is a collectively bargained planNo
2014-06-01Plan funding arrangement – InsuranceYes
2014-06-01Plan funding arrangement – TrustYes
2014-06-01Plan benefit arrangement – InsuranceYes
2014-06-01Plan benefit arrangement - TrustYes
2013: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2013 form 5500 responses
2013-06-01Type of plan entitySingle employer plan
2013-06-01Submission has been amendedNo
2013-06-01This submission is the final filingNo
2013-06-01This return/report is a short plan year return/report (less than 12 months)No
2013-06-01Plan is a collectively bargained planNo
2013-06-01Plan funding arrangement – InsuranceYes
2013-06-01Plan funding arrangement – TrustYes
2013-06-01Plan benefit arrangement – InsuranceYes
2013-06-01Plan benefit arrangement - TrustYes
2012: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2012 form 5500 responses
2012-06-01Type of plan entitySingle employer plan
2012-06-01Submission has been amendedNo
2012-06-01This submission is the final filingNo
2012-06-01This return/report is a short plan year return/report (less than 12 months)No
2012-06-01Plan is a collectively bargained planNo
2012-06-01Plan funding arrangement – InsuranceYes
2012-06-01Plan funding arrangement – TrustYes
2012-06-01Plan benefit arrangement – InsuranceYes
2012-06-01Plan benefit arrangement - TrustYes
2011: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2011 form 5500 responses
2011-06-01Type of plan entitySingle employer plan
2011-06-01Submission has been amendedNo
2011-06-01This submission is the final filingNo
2011-06-01This return/report is a short plan year return/report (less than 12 months)No
2011-06-01Plan is a collectively bargained planNo
2011-06-01Plan funding arrangement – InsuranceYes
2011-06-01Plan funding arrangement – TrustYes
2011-06-01Plan benefit arrangement – InsuranceYes
2011-06-01Plan benefit arrangement - TrustYes
2009: PRECISION INDUSTRIES, LTD. PROFIT SHARING PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planNo
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement – InsuranceYes
2009-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 2
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 1
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 1
WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 2
WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 1
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 2
WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 1
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 2
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 1
WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 2
WAHINGTON NATIONAL (National Association of Insurance Commissioners NAIC id number: 65900 )
Policy contract number10G1013572
Policy instance 2
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP39461
Policy instance 1

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