Plan Snapshot
- Plan Sponsor: Thomas Precision Machining, INC.
- Sponsor EIN: 391385167
- Sponsor Address: 3278 SOUTH MAIN STREET, RICE LAKE, WI, 54868
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 167
- Total Assets: $20.5M
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. |
|---|---|---|---|---|
| 2025 | 167 | $20.5M | $0 | $0 |
| 2024 | 151 | $16.7M | $290,299 | $1.0M |
| 2023 | 144 | $13.9M | $258,896 | $924,020 |
| 2022 | 130 | $11.0M | $241,855 | $886,990 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | Investment Advisor | $45,370 | — | $45,370 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $31,810 | — | $31,810 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,180
- Estimated Expense Ratio: 0.377% 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 |
|---|---|---|---|---|---|
| 2025 | $853,805 | $45,370 | — | — | — |
| 2024 | $65,217 | $38,241 | — | — | — |
| 2023 | $54,406 | — | $54,406 | — | — |
| 2022 | $46,287 | — | $46,287 | — | — |