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PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 401k Plan overview

Plan NamePRECISION MACHINED PRODUCTS LLC 401(K) PLAN
Plan identification number 001

PRECISION MACHINED PRODUCTS LLC 401(K) 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

PRECISION MACHINED PRODUCTS LLC has sponsored the creation of one or more 401k plans.

Company Name:PRECISION MACHINED PRODUCTS LLC
Employer identification number (EIN):200295207
NAIC Classification:336410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MACHINED PRODUCTS LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01NICK YOXALL2023-07-06
0012021-01-01NICK YOXALL2022-09-23
0012020-01-01NICK YOXALL2021-07-26
0012018-01-01NICK YOXALL2019-07-15
0012017-01-01GENEVIEVE NOWAK
0012016-01-01SARAH LARKIN
0012015-03-01SARAH LARKIN SARAH LARKIN2016-07-14

Plan Statistics for PRECISION MACHINED PRODUCTS LLC 401(K) PLAN

401k plan membership statisitcs for PRECISION MACHINED PRODUCTS LLC 401(K) PLAN

Measure Date Value
2017: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0151
Total number of active participants reported on line 7a of the Form 55002017-01-0139
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-018
Total of all active and inactive participants2017-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0147
Number of participants with account balances2017-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0149
Total number of active participants reported on line 7a of the Form 55002016-01-0140
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0145
Number of participants with account balances2016-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-03-0142
Total number of active participants reported on line 7a of the Form 55002015-03-0139
Number of retired or separated participants receiving benefits2015-03-010
Number of other retired or separated participants entitled to future benefits2015-03-019
Total of all active and inactive participants2015-03-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-03-010
Total participants2015-03-0148
Number of participants with account balances2015-03-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-03-010

Financial Data on PRECISION MACHINED PRODUCTS LLC 401(K) PLAN

Measure Date Value
2017 : PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$384,086
Expenses. Total of all expenses incurred2017-12-31$256,219
Benefits paid (including direct rollovers)2017-12-31$255,703
Total plan assets at end of year2017-12-31$1,333,188
Total plan assets at beginning of year2017-12-31$1,205,321
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$134,424
Contributions received from other sources (not participants or employers)2017-12-31$36,661
Other income received2017-12-31$203,057
Net income (gross income less expenses)2017-12-31$127,867
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,333,188
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,205,321
Assets. Value of participant loans2017-12-31$49,595
Total contributions received or receivable from employer(s)2017-12-31$9,944
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$516
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$207,087
Expenses. Total of all expenses incurred2016-12-31$74,902
Benefits paid (including direct rollovers)2016-12-31$74,507
Total plan assets at end of year2016-12-31$1,205,321
Total plan assets at beginning of year2016-12-31$1,073,136
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$123,576
Other income received2016-12-31$73,761
Net income (gross income less expenses)2016-12-31$132,185
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,205,321
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,073,136
Assets. Value of participant loans2016-12-31$27,906
Total contributions received or receivable from employer(s)2016-12-31$9,750
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$395
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$1,087,217
Expenses. Total of all expenses incurred2015-12-31$14,081
Benefits paid (including direct rollovers)2015-12-31$13,951
Total plan assets at end of year2015-12-31$1,073,136
Total plan assets at beginning of year2015-12-31$0
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$89,277
Contributions received from other sources (not participants or employers)2015-12-31$1,007,483
Other income received2015-12-31$-16,725
Net income (gross income less expenses)2015-12-31$1,073,136
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,073,136
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of participant loans2015-12-31$28,906
Total contributions received or receivable from employer(s)2015-12-31$7,182
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$130
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for PRECISION MACHINED PRODUCTS LLC 401(K) PLAN

2017: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan benefit arrangement – InsuranceYes
2016: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan benefit arrangement – InsuranceYes
2015: PRECISION MACHINED PRODUCTS LLC 401(K) PLAN 2015 form 5500 responses
2015-03-01Type of plan entitySingle employer plan
2015-03-01First time form 5500 has been submittedYes
2015-03-01Submission has been amendedNo
2015-03-01This submission is the final filingNo
2015-03-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-03-01Plan is a collectively bargained planNo
2015-03-01Plan funding arrangement – InsuranceYes
2015-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number118720
Policy instance 1
Insurance contract or identification number118720
Number of Individuals Covered40
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $3,208
Total amount of fees paid to insurance companyUSD $1,360
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?Yes
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,604
Insurance broker organization code?3
Amount paid for insurance broker fees1360
Additional information about fees paid to insurance brokerTPA FEES & COMPENSATION
Insurance broker nameADMINISTRATION SPECIALISTS INC.

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