# Precision Medical, INC. 401(k) Plan
Source: https://planprovider.pro/companies/precision-medical-inc-401k-plan

> Precision Medical, INC.'s 401(k) plan: 106 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bcg-securities-inc) — RECORDKEEPER

- [BUCKNO LISICKY & COMPANY](https://planprovider.pro/provider/buckno-lisicky-and-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|

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