2023 Form 5500 filing — Precision Cut Industries, Inc. Group Health 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 20250325125830NAL0010182515001) for Precision Cut Industries, Inc. Group Health Plan, reported by Precision Cut Industries, Inc. under EIN 23-2962823 and plan number 501. It reports 136 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250325125830NAL0010182515001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Precision Cut Industries, Inc.
- EIN
- 23-2962823
- Plan number
- 501
- Location
- Hanover, PA
- Participants
- 136
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $550,985
- Total liabilities (EOY)
- $131,380
- Net assets (EOY)
- $419,605
- Employer contributions
- $1,546,527
- Participant contributions
- $366,430
- Total income / additions
- $1,933,746
- Benefits paid
- $1,340,434
- Administrative expenses
- $148,121
- Total expenses
- $1,488,555
- Net increase / (decrease)
- $445,191
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Highmark | ADMIN | $47,890 | not reported in the loaded dataset |
| Mcconkey Benefits & Financial Serv | BROKER | $41,337 | not reported in the loaded dataset |
| Benefit Mall | ADMIN | $8,250 | not reported in the loaded dataset |
| The Benecon Group, LLC | BROKER | $2,493 | not reported in the loaded dataset |