Precipart 401(K) Profit Sharing Plan — Form 5500 plan (Precipart Corporation)
Plain-English plan 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, Precipart 401(K) Profit Sharing Plan is a benefit plan reported by Precipart Corporation under EIN 11-2501170 and plan number 001. The latest loaded filing year is 2023. The filing reports 330 participants and $31,074,013 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Precipart Corporation
- EIN
- 11-2501170
- Plan number
- 001
- Plan type
- 2
- Location
- Farmingdale, NY
- Latest filing year
- 2023
- Participants
- 330
- End-of-year plan assets
- $31,074,013
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 330 | H, C | 20240627153522NAL0014845200001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,074,013
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,074,013
- Net assets (BOY)
- $31,912,628
Income & contributions
- Employer contributions
- $1,356,297
- Participant contributions
- $1,503,571
- Total contributions
- $3,368,102
- Total income / additions
- $5,805,546
Expenses & distributions
- Benefits paid
- $6,527,835
- Administrative expenses
- $71,019
- Total expenses
- $6,644,161
- Net increase / (decrease)
- -$838,615
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lpl Financial-Retirement | CONTRACT ADMINISTRATOR | $30,000 | $10,000 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $39,134 | $0 | 2023 |
| Associated Pension Consultants, Inc | CONTRACT ADMINISTRATOR | $1,885 | $11,170 | 2023 |
| Cooper Savas | ACCOUNTANT | $0 | $8,250 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Precipart Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Farmingdale, NY
- Lpl Financial-Retirement — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Associated Pension Consultants, Inc — Schedule C compensation
- Cooper Savas — Schedule C compensation