Plan5500

Phillips Precision Inc — Form 5500 filings & benefit plans

Form 5500 plan sponsor summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Phillips Precision Inc (EIN 22-2071997) is a plan sponsor located in Elmwood Park, NJ with 1 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
22-2071997
Location
Elmwood Park, NJ
Loaded plans
2
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for Phillips Precision Inc

  • 2 loaded plans hold $11.8K in reported assets.
  • The largest, Phillips Precision, Inc. Pension Plan, holds 100% of this company's reported plan assets.
  • Plans cover 406 reported participants.
  • 1 of 2 plans report full financial statements.
  • 1 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$0Summed across loaded plans
Total reported assets$11.8K$11,813
Total reported participants406
Total reported liabilities$11.8K$11,813

Reported net position

Reported assets = net assets + liabilities (summed)$11.8K total assets
Net assets$0Liabilities$11.8K
Contributions & income
Total income / additions$344K
Expenses & distributions
Benefits paid / distributions$4.5M
Total expenses$4.6M
Net increase / (decrease)-$4.2M

Data coverage

Plans with financial statements1 / 2 (50%)
Plans with provider compensation1 / 2 (50%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets100%Phillips Precision, Inc. Pension Plan
Participants per plan203Average across loaded plans
Loaded plans2
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Phillips Precision, Inc. Pension Plan$11.8K
    Plan #001 · 270 participants · 2023
  2. 2
    Phillips Precision Inc Flexible Benefits Plannot reported in the loaded dataset
    Plan #501 · 136 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for Phillips Precision Inc. Open one for its full reported snapshot.

  1. 2023
    Phillips Precision, Inc. Pension Plan270 participants · 2Sch HSch C
    View filing →
  2. 2023
    Phillips Precision Inc Flexible Benefits Plan136 participants · 2No schedules
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does Phillips Precision Inc report on Form 5500?
Phillips Precision Inc (EIN 22-2071997) reports 1 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for Phillips Precision Inc?
The Employer Identification Number (EIN) reported for Phillips Precision Inc is 22-2071997.
What is the latest Form 5500 filing year for Phillips Precision Inc?
The latest loaded Form 5500 filing year for Phillips Precision Inc is 2023.

Related Form 5500 pages