Plan Snapshot
- Plan Sponsor: Precision Grinding & Manufacturing Corp.
- Sponsor EIN: 160924683
- Sponsor Address: 1305 EMERSON STREET, ROCHESTER, NY, 14606
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $13.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 134 | $13.2M | $0 | $533,631 |
| 2023 | 127 | $11.9M | $28,400 | $481,400 |
| 2022 | 141 | $10.2M | $126,043 | $553,634 |
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 |
|---|---|---|---|---|
| FIRST GREAT-WEST LIFE & ANNUITY | RECORDKEEPER | $35,557 | — | $35,557 |
| RBC CAPITAL MARKETS, LLC | BROKER/ADVISOR | — | $20,655 | $20,655 |
| SALMIN, CELONA, WEHRLE & FLAHERTY | AUDITOR | $9,200 | — | $9,200 |
| BPAS LLC | CONTRACT ADMIN | $2,898 | $4,583 | $7,481 |
| EMPOWER ADVISORY GROUP | INVESTMENT MGMT | $5,791 | — | $5,791 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC CAPITAL MARKETS, LLC — BROKER/ADVISOR
- SALMIN, CELONA, WEHRLE & FLAHERTY — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,684
- Estimated Expense Ratio: 0.598% of plan assets
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 | $53,500 | — | $4,446 | — | — |
| 2023 | $44,053 | — | $1,005 | — | — |
| 2022 | $47,032 | — | — | — | $47,032 |