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PRECISION GRINDING INC 401K RETIREMENT PLAN 401k Plan overview

Plan NamePRECISION GRINDING INC 401K RETIREMENT PLAN
Plan identification number 001

PRECISION GRINDING INC 401K RETIREMENT 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PRECISION GRINDING INC has sponsored the creation of one or more 401k plans.

Company Name:PRECISION GRINDING INC
Employer identification number (EIN):630579147
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION GRINDING INC 401K RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RUSSELL CHAMBLISS2024-09-19
0012022-01-01RUSSELL CHAMBLISS2023-08-25
0012021-01-01RUSSELL CHAMBLISS2022-10-04
0012021-01-01RUSSELL CHAMBLISS2022-10-04
0012020-01-01WILLIAM JAMES2021-07-29
0012019-01-01WILLIAM JAMES2020-06-23
0012018-01-01WILLIAM JAMES2019-07-26
0012017-01-01WILLIAM JAMES2018-02-27
0012016-01-01WILLIAM JAMES2017-05-30
0012015-01-01WILLIAM JAMES2016-07-14
0012014-01-01WILLIAM JAMES2015-07-09
0012013-01-01WILLIAM JAMES2014-07-15
0012012-01-01WILLIAM JAMES2013-05-02
0012011-01-01WILLIAM JAMES
0012009-01-01WILLIAM JAMES

Plan Statistics for PRECISION GRINDING INC 401K RETIREMENT PLAN

401k plan membership statisitcs for PRECISION GRINDING INC 401K RETIREMENT PLAN

Measure Date Value
2025: PRECISION GRINDING INC 401K RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-0993
Total number of particpants at end of year2025-09-0986
Number of Participants With Account Balances2025-09-0974
2024: PRECISION GRINDING INC 401K RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-1993
Total number of particpants at end of year2024-09-1984
Number of Participants With Account Balances2024-09-1968
2011: PRECISION GRINDING INC 401K RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0157
Total number of active participants reported on line 7a of the Form 55002011-01-0148
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0156
Number of participants with account balances2011-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PRECISION GRINDING INC 401K RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0150
Total number of active participants reported on line 7a of the Form 55002009-01-0146
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-018
Total of all active and inactive participants2009-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0154
Number of participants with account balances2009-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PRECISION GRINDING INC 401K RETIREMENT PLAN

Measure Date Value
2025 : PRECISION GRINDING INC 401K RETIREMENT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-090
Total liabilities as of the beginning of the plan year2025-09-090
Total expenses incurred by plan in this plan year2025-09-09328380
Net assets as of the end of the plan year2025-09-097434089
Total assets as of the beginning of the plan year2025-09-096420760
Value of plan covered by a fidelity bond2025-09-09500000
Participant contributions to plan in this plan year2025-09-09308919
Other expenses paid from plan in this plan year2025-09-090
Other contributions to plan in this plan year2025-09-096641
Other income to plan in this plan year2025-09-09853496
Plan net income in this plan year2025-09-091013329
Net assets as of the end of the plan year2025-09-097434089
Net assets as of the beginning of the plan year2025-09-096420760
Employer contributions to plan in this plan year2025-09-09172653
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-0939455
2024 : PRECISION GRINDING INC 401K RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-19753693
Net assets as of the end of the plan year2024-09-196420760
Total assets as of the beginning of the plan year2024-09-195810850
Value of plan covered by a fidelity bond2024-09-19500000
Participant contributions to plan in this plan year2024-09-19309318
Other expenses paid from plan in this plan year2024-09-1936006
Other contributions to plan in this plan year2024-09-1966608
Other income to plan in this plan year2024-09-19812018
Plan net income in this plan year2024-09-19609910
Net assets as of the end of the plan year2024-09-196420760
Net assets as of the beginning of the plan year2024-09-195810850
Employer contributions to plan in this plan year2024-09-19175659
2011 : PRECISION GRINDING INC 401K RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$196,199
Expenses. Total of all expenses incurred2011-12-31$45,480
Benefits paid (including direct rollovers)2011-12-31$32,887
Total plan assets at end of year2011-12-31$2,478,735
Total plan assets at beginning of year2011-12-31$2,328,016
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$133,716
Expenses. Other expenses not covered elsewhere2011-12-31$8
Other income received2011-12-31$-13,647
Net income (gross income less expenses)2011-12-31$150,719
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,478,735
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,328,016
Total contributions received or receivable from employer(s)2011-12-31$76,130
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$12,585
2010 : PRECISION GRINDING INC 401K RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$566,815
Expenses. Total of all expenses incurred2010-12-31$41,726
Benefits paid (including direct rollovers)2010-12-31$31,429
Total plan assets at end of year2010-12-31$2,328,016
Total plan assets at beginning of year2010-12-31$1,802,927
Value of fidelity bond covering the plan2010-12-31$200,000
Total contributions received or receivable from participants2010-12-31$125,468
Expenses. Other expenses not covered elsewhere2010-12-31$17
Contributions received from other sources (not participants or employers)2010-12-31$112,201
Other income received2010-12-31$263,442
Net income (gross income less expenses)2010-12-31$525,089
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,328,016
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,802,927
Total contributions received or receivable from employer(s)2010-12-31$65,704
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$10,280

Form 5500 Responses for PRECISION GRINDING INC 401K RETIREMENT PLAN

2011: PRECISION GRINDING INC 401K RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PRECISION GRINDING INC 401K RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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