Plan Snapshot
- Plan Sponsor: Precision Of New Hampton , INC.
- Sponsor EIN: 421294107
- Sponsor Address: 515 BAILEY AVE, NEW HAMPTON, IA, 50659
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $21.8M
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 | 122 | $21.8M | $463,063 | $284,863 |
| 2023 | 110 | $16.4M | $459,477 | $327,079 |
| 2022 | 105 | $13.0M | $1 | $340,408 |
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 |
|---|---|---|---|---|
| BERGAN KDV, LTD | Auditor | $12,950 | — | $12,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERGAN KDV, LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,950
- Estimated Expense Ratio: 0.059% 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 | $14,078 | — | — | $12,950 | — |
| 2023 | $13,150 | — | — | $11,800 | — |
| 2022 | $10,995 | — | — | — | $10,500 |