Precision Cut Industries, Inc. Group Health Plan — Form 5500 plan (Precision Cut Industries, Inc.)
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 Cut Industries, Inc. Group Health Plan is a benefit plan reported by Precision Cut Industries, Inc. under EIN 23-2962823 and plan number 501. The latest loaded filing year is 2023. The filing reports 136 participants and $550,985 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Precision Cut Industries, Inc.
- EIN
- 23-2962823
- Plan number
- 501
- Plan type
- 2
- Location
- Hanover, PA
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $550,985
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20250325125830NAL0010182515001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $550,985
- Total liabilities (EOY)
- $131,380
- Net assets (EOY)
- $419,605
- Net assets (BOY)
- -$25,586
Income & contributions
- Employer contributions
- $1,546,527
- Participant contributions
- $366,430
- Total contributions
- $1,912,957
- Total income / additions
- $1,933,746
Expenses & distributions
- Benefits paid
- $1,340,434
- Administrative expenses
- $148,121
- Total expenses
- $1,488,555
- Net increase / (decrease)
- $445,191
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Highmark | ADMIN | $47,890 | not reported in the loaded dataset | 2023 |
| Mcconkey Benefits & Financial Serv | BROKER | $41,337 | not reported in the loaded dataset | 2023 |
| Benefit Mall | ADMIN | $8,250 | not reported in the loaded dataset | 2023 |
| The Benecon Group, LLC | BROKER | $2,493 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Precision Cut Industries, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Hanover, PA
- Highmark — Schedule C compensation
- Mcconkey Benefits & Financial Serv — Schedule C compensation
- Benefit Mall — Schedule C compensation
- The Benecon Group, LLC — Schedule C compensation