Retirement plan

PRECISION DEFENSE SERVICES, INC. SALARIED PROFIT SHARING & 401(K) SAVINGS PLAN

Name: PRECISION DEFENSE SERVICES INC. - PRECISION DEFENSE SERVICES, INC. SALARIED PROFIT SHARING & 401(K) SAVINGS PLAN (2024) Form 5500
Creator: PRECISION DEFENSE SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION DEFENSE SERVICES, INC. SALARIED PROFIT SHARING & 401(K) SAVINGS PLAN, PRECISION DEFENSE SERVICES INC.

PRECISION DEFENSE SERVICES INC.EIN 22-2994536Plan #005PY 2024

1 QUALITY WAY - IRWIN, PA 15642724-863-1100pdsindustries.comLinkedIn51-200 employeesmachinery

Other plans on this EIN

1 filing

#004Retirement-$9.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.5M

+2.9% from 2023

Total participants

0.0% from 2023

Average account balance

$125,999

+5.3% from 2023

Annual return

20.03%

+6.06 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.54M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$126K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

125.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$336K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.03%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$29106

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$36591 / participant

Other / not subdivided$1M100.0%

% of EOY assets

23.100%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,999

$86,949+44.9%

$102,460+23.0%

$80,959+55.6%

Participation rate

88.6%

72.4%+16.2pp

76.5%+12.1pp

67.7%+20.9pp

Annual return

20.03%

18.89%+1.1pp

29.47%-9.4pp

35.67%-15.6pp

Employer contribution / active EE

$4,963

$2,370+109.4%

$3,025+64.0%

$2,757+80.0%

Participant deferral / active EE

$4,635

$4,121+12.5%

$5,056-8.3%

$4,300+7.8%

Admin fee / account holder

$29,106

$8,048+261.7%

$9,460+207.7%

$6,925+320.3%

PRECISION DEFENSE SERVICES, INC. SALARIED PROFIT SHARING & 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION DEFENSE SERVICES, INC. SALARIED PROFIT SHARING & 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion