Precision Fabrics Group, Inc. 401(K) Plan — Form 5500 plan (Precision Fabrics Group, 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 Fabrics Group, Inc. 401(K) Plan is a benefit plan reported by Precision Fabrics Group, Inc. under EIN 56-1595882 and plan number 002. The latest loaded filing year is 2023. The filing reports 672 participants and $37,446,730 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$37.4MPlan net assets, end of year$37,446,730
Participants672Covered participants reported
Assets / participant$55.7KComputed: assets ÷ participants$55,724 (computed)
Provider compensation$149.8K3 Schedule C provider row(s)$149,795
- Plan sponsor
- Precision Fabrics Group, Inc.
- EIN
- 56-1595882
- Plan number
- 002
- Plan type
- 2
- Location
- Greensboro, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 672 | H, C | 20240923095311NAL0023181122001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$37.4M total assets
Net assets$37.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $37,446,730
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,446,730
- Net assets (BOY)
- $33,292,308
Income & contributions
- Employer contributions
- $706,171
- Participant contributions
- $1,696,779
- Total contributions
- $2,696,468
- Total income / additions
- $8,184,004
Expenses & distributions
- Benefits paid
- $3,879,787
- Administrative expenses
- $149,795
- Total expenses
- $4,029,582
- Net increase / (decrease)
- $4,154,422
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
29%71%
Employer 29%Participant 71%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income47%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $100,786 | $0 | 2023 |
| Davenport & Company, LLC | INVESTMENT ADVISORY | $49,009 | not reported in the loaded dataset | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Precision Fabrics Group, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Greensboro, NC
- Principal Life Insurance Company — Schedule C compensation
- Davenport & Company, LLC — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation