2023 Form 5500 filing — Precision International Automotive Products Inc. 401 (K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240423142804NAL0001777089001) for Precision International Automotive Products Inc. 401 (K) Plan, reported by Precision International Automotive Products Inc. under EIN 06-1523149 and plan number 003. It reports 155 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240423142804NAL0001777089001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Precision International Automotive Products Inc.
- EIN
- 06-1523149
- Plan number
- 003
- Location
- Yapank, NY
- Participants
- 155
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,860,066
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,860,066
- Employer contributions
- $765,686
- Participant contributions
- $474,203
- Total income / additions
- $4,661,514
- Benefits paid
- $820,091
- Administrative expenses
- $917
- Total expenses
- $821,008
- Net increase / (decrease)
- $3,840,506
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Clearing Svcs (Wf Advs) | INVESTMENT ADVISORY | $0 | $58,613 |
| Associated Pension Consultants, Inc | CONTRACT ADMINISTRATOR | $315 | $9,497 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $601 | $0 |