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, Precision Medical, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Precision Medical, Inc. under EIN 23-2208659 and plan number 001. The latest loaded filing year is 2023. The filing reports 152 participants and $14,487,302 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,487,302
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,487,302
- Net assets (BOY)
- $12,867,387
Income & contributions
- Employer contributions
- $139,081
- Participant contributions
- $245,658
- Total contributions
- $384,739
- Total income / additions
- $3,155,270
Expenses & distributions
- Benefits paid
- $1,429,754
- Administrative expenses
- $35,664
- Total expenses
- $1,535,355
- Net increase / (decrease)
- $1,619,915