Plan Snapshot
- Plan Sponsor: Precision Associates, INC.
- Sponsor EIN: 410763581
- Sponsor Address: 3800 NORTH WASHINGTON AVENUE, MINNEAPOLIS, MN, 55412
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $22.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 199 | $22.0M | $353,006 | $986,366 |
| 2023 | 203 | $20.0M | $345,452 | $1.0M |
| 2022 | 194 | $16.4M | $571,593 | $905,196 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| COPELAND BUHL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $36,146 | $1,448 | — | — | — |
| 2023 | $22,809 | $1,041 | — | — | — |
| 2022 | $18,088 | $1,246 | $16,842 | — | — |