2023 Form 5500 filing — Precis Engineering, 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 20240719051836NAL0003703507001) for Precis Engineering, Inc. 401(K) Plan, reported by Precis Engineering, Inc. under EIN 20-2600116 and plan number 001. It reports 160 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240719051836NAL0003703507001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Precis Engineering, Inc.
- EIN
- 20-2600116
- Plan number
- 001
- Location
- Ambler, PA
- Participants
- 160
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,961,965
- Net assets (EOY)
- $12,961,965
- Employer contributions
- $461,824
- Participant contributions
- $1,436,250
- Total income / additions
- $3,759,881
- Benefits paid
- $240,493
- Administrative expenses
- $56,180
- Total expenses
- $296,673
- Net increase / (decrease)
- $3,463,208
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Thrive Wealth Management | ADVISOR | $40,683 | not reported in the loaded dataset |
| Mvp Plan Administrators, Inc. | CONTRACT ADMINISTRATOR | $15,109 | $0 |