Plan Snapshot
- Plan Sponsor: Precision Tools Service, INC.
- Sponsor EIN: 351752977
- Sponsor Address: 2426 WEST NORCROSS DR, COLUMBUS, IN, 472018844
- Plan Type: 401(k)
- Total Participants: 239
- Total Assets: $14.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 239 | $14.0M | $425,610 | $764,014 |
| 2023 | 179 | $11.7M | $367,028 | $689,330 |
| 2022 | 150 | $9.9M | $324,680 | $593,331 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | RECORDKEEPER | $45,966 | — | $45,966 |
| RBC CAPITAL MARKETS, LLC | INVESTMENT ADVISORY | — | $21,804 | $21,804 |
| BLUE BENEFITS CONSULTING, INC | TPA | $4,100 | $4,654 | $8,754 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC CAPITAL MARKETS, LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,524
- Estimated Expense Ratio: 0.546% 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 | $50,589 | — | $4,100 | — | — |
| 2023 | $43,788 | — | $4,864 | — | — |
| 2022 | $43,354 | — | $5,250 | — | — |