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PRECISION TECH 401K 401k Plan overview

Plan NamePRECISION TECH 401K
Plan identification number 001

PRECISION TECH 401K 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 TECHNOLOGIES & ENGINEE has sponsored the creation of one or more 401k plans.

Company Name:PRECISION TECHNOLOGIES & ENGINEE
Employer identification number (EIN):510428903
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION TECH 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CARLOS VARGAS2024-09-30
0012022-02-01CARLOS VARGAS2023-07-07

Plan Statistics for PRECISION TECH 401K

401k plan membership statisitcs for PRECISION TECH 401K

Measure Date Value
2025: PRECISION TECH 401K 2025 401k membership
Total number of particpants at beginning of year2025-07-095
Total number of particpants at end of year2025-07-095
Number of Participants With Account Balances2025-07-094
2024: PRECISION TECH 401K 2024 401k membership
Total number of particpants at beginning of year2024-09-304
Total number of particpants at end of year2024-09-305
Number of Participants With Account Balances2024-09-304

Financial Data on PRECISION TECH 401K

Measure Date Value
2025 : PRECISION TECH 401K 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-09156
Net assets as of the end of the plan year2025-07-0954970
Total assets as of the beginning of the plan year2025-07-0934505
Value of plan covered by a fidelity bond2025-07-094000
Participant contributions to plan in this plan year2025-07-0910168
Other income to plan in this plan year2025-07-093674
Plan net income in this plan year2025-07-0920465
Net assets as of the end of the plan year2025-07-0954970
Net assets as of the beginning of the plan year2025-07-0934505
Employer contributions to plan in this plan year2025-07-096779
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-09156
2024 : PRECISION TECH 401K 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-3067
Net assets as of the end of the plan year2024-09-3034505
Total assets as of the beginning of the plan year2024-09-3010118
Value of plan covered by a fidelity bond2024-09-302000
Participant contributions to plan in this plan year2024-09-3012846
Other income to plan in this plan year2024-09-303472
Plan net income in this plan year2024-09-3024387
Net assets as of the end of the plan year2024-09-3034505
Net assets as of the beginning of the plan year2024-09-3010118
Employer contributions to plan in this plan year2024-09-308136
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-3067

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