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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#004Retirement-$7.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5M

-13.1% from 2021

Total participants

-2.0% from 2021

Average account balance

$110,790

-9.2% from 2021

Annual return

-12.80%

-25.54 pp from 2021

Benchmarks

See 14,491 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,491 peers

Snapshot2022

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

$394K

$10942 / participant

Other / not subdivided$394K100.0%

% of EOY assets

7.901%

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

$110,790

$71,873+54.1%

$86,698+27.8%

$68,490+61.8%

Participation rate

91.7%

72.2%+19.4pp

76.6%+15.1pp

67.9%+23.8pp

Annual return

-12.80%

3.54%-16.3pp

35.96%-48.8pp

-7.85%-4.9pp

Employer contribution / active EE

$4,927

$2,173+126.7%

$2,837+73.7%

$2,597+89.7%

Participant deferral / active EE

$5,003

$3,779+32.4%

$4,656+7.5%

$4,028+24.2%

Admin fee / account holder

$8,754

$6,110+43.3%

$7,492+16.8%

$5,403+62.0%

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