Retirement plan

PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN

Name: PRECISION DRIVE & CONTROL, INC. - PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: PRECISION DRIVE & CONTROL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN, PRECISION DRIVE & CONTROL, INC.

PRECISION DRIVE & CONTROL, INC.EIN 39-1251035Plan #001PY 2023

504 - 11TH STREET - MONROE, WI 53566608-328-5600precisiondrive.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$7.8M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18M

-7.1% from 2022

Total participants

128

+2.4% from 2022

Average account balance

$143,056

-10.8% from 2022

Annual return

11.81%

+24.92 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.24M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

136

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$926K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+26.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
COMPENSATION SYSTEMS, INC.1 year Filed as: COMPENSATION SYSTEMS, INC Service code 10 · EIN 39-1553836 1909 11TH AVE · MONROE, WI 53566	Accounting	$5,055
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$600
MIDWEST PENSION & PROFIT SHARING SE2 years Filed as: THE MIDWEST PENSION GROUP(MONROE) Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$56 / participant

Contract admin$5K87.2%
Other / not subdivided$74012.8%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,056

$76,696+86.5%

$96,515+48.2%

$71,511+100.0%

Participation rate

98.1%

66.6%+31.5pp

74.3%+23.7pp

67.9%+30.1pp

Annual return

11.81%

48.32%-36.5pp

35.73%-23.9pp

28.86%-17.0pp

Employer contribution / active EE

$2,072

$3,032-31.7%

$3,740-44.6%

$2,589-20.0%

Participant deferral / active EE

$6,533

$3,770+73.3%

$4,880+33.9%

$4,291+52.3%

Admin fee / account holder

$46

$2,030-97.7%

$6,735-99.3%

$1,588-97.1%

Provider

Service type

Compensation

COMPENSATION SYSTEMS, INC.1 year

Filed as: COMPENSATION SYSTEMS, INC

Service code 10 · EIN 39-1553836

1909 11TH AVE · MONROE, WI 53566

Accounting

$5,055

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$600

MIDWEST PENSION & PROFIT SHARING SE2 years

Filed as: THE MIDWEST PENSION GROUP(MONROE)

Service code 13

Contract Administrator

PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION DRIVE & CONTROL, INC. RETIREMENT 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