Plan Snapshot
- Plan Sponsor: Precision Medical, INC.
- Sponsor EIN: 232208659
- Sponsor Address: 300 HELD DRIVE, NORTHAMPTON, PA, 18067
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $16.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 106 | $16.0M | $134,569 | $239,515 |
| 2023 | 114 | $14.5M | $139,081 | $245,658 |
| 2022 | 110 | $12.9M | $148,338 | $271,822 |
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 |
|---|---|---|---|---|
| BENEFIT CONSULTANTS GROUP | RECORDKEEPER | $38,274 | — | $38,274 |
| BUCKNO LISICKY & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT CONSULTANTS GROUP — RECORDKEEPER
- BUCKNO LISICKY & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,274
- Estimated Expense Ratio: 0.240% 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 | $38,274 | — | — | — | — |
| 2023 | $35,664 | — | $35,664 | — | — |
| 2022 | $41,084 | — | — | — | $41,084 |