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PRECISION MONITORING LLC 401(K) PLAN 401k Plan overview

Plan NamePRECISION MONITORING LLC 401(K) PLAN
Plan identification number 001

PRECISION MONITORING LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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 MONITORING LLC has sponsored the creation of one or more 401k plans.

Company Name:PRECISION MONITORING LLC
Employer identification number (EIN):474767094
NAIC Classification:111100
NAIC Description:Oilseed and Grain Farming

Additional information about PRECISION MONITORING LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-08-05
Company Identification Number: 0802267151
Legal Registered Office Address: PO BOX 2559

BURLESON
United States of America (USA)
76097

More information about PRECISION MONITORING LLC

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JEFF UNDERWOOD2024-08-20
0012022-01-01JEFF UNDERWOOD2023-07-31
0012021-01-01JEFF UNDERWOOD2022-10-10
0012020-01-01JEFF UNDERWOOD2021-07-29
0012019-01-01JEFF UNDERWOOD2020-07-07

Financial Data on PRECISION MONITORING LLC 401(K) PLAN

Measure Date Value
2025 : PRECISION MONITORING LLC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-153058
Total liabilities as of the end of the plan year2025-07-150
Total liabilities as of the beginning of the plan year2025-07-150
Total expenses incurred by plan in this plan year2025-07-15583206
Net assets as of the end of the plan year2025-07-151244888
Total assets as of the beginning of the plan year2025-07-151317578
Value of plan covered by a fidelity bond2025-07-15500000
Participant contributions to plan in this plan year2025-07-15271421
Value of participant loans at end of plan year2025-07-1559632
Other expenses paid from plan in this plan year2025-07-150
Other contributions to plan in this plan year2025-07-1513485
Other income to plan in this plan year2025-07-15222552
Plan net income in this plan year2025-07-15-75748
Net assets as of the end of the plan year2025-07-151244888
Net assets as of the beginning of the plan year2025-07-151317578
Employer contributions to plan in this plan year2025-07-150
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-153410
2024 : PRECISION MONITORING LLC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-200
Total liabilities as of the end of the plan year2024-08-200
Total liabilities as of the beginning of the plan year2024-08-200
Total expenses incurred by plan in this plan year2024-08-2077535
Net assets as of the end of the plan year2024-08-201317578
Total assets as of the beginning of the plan year2024-08-20920982
Value of plan covered by a fidelity bond2024-08-20500000
Participant contributions to plan in this plan year2024-08-20250347
Value of participant loans at end of plan year2024-08-20171988
Other expenses paid from plan in this plan year2024-08-200
Other contributions to plan in this plan year2024-08-200
Other income to plan in this plan year2024-08-20223784
Plan net income in this plan year2024-08-20396596
Net assets as of the end of the plan year2024-08-201317578
Net assets as of the beginning of the plan year2024-08-20920982
Employer contributions to plan in this plan year2024-08-200
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-202160
2022 : PRECISION MONITORING LLC 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-100
Total liabilities as of the end of the plan year2022-10-100
Total liabilities as of the beginning of the plan year2022-10-100
Total expenses incurred by plan in this plan year2022-10-1048194
Net assets as of the end of the plan year2022-10-10967591
Total assets as of the beginning of the plan year2022-10-10603506
Value of plan covered by a fidelity bond2022-10-1035000
Participant contributions to plan in this plan year2022-10-10187001
Value of participant loans at end of plan year2022-10-10128141
Other expenses paid from plan in this plan year2022-10-100
Other contributions to plan in this plan year2022-10-10137616
Other income to plan in this plan year2022-10-1087662
Plan net income in this plan year2022-10-10364085
Net assets as of the end of the plan year2022-10-10967591
Net assets as of the beginning of the plan year2022-10-10603506
Employer contributions to plan in this plan year2022-10-100
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-10980

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