Retirement plan

PRECISION SCALE AND CONTROLS, INC. CASH BALANCE PENSION PLAN

Name: PRECISION SCALE AND CONTROLS, INC. - PRECISION SCALE AND CONTROLS, INC. CASH BALANCE PENSION PLAN (2020) Form 5500
Creator: PRECISION SCALE AND CONTROLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION SCALE AND CONTROLS, INC. CASH BALANCE PENSION PLAN, PRECISION SCALE AND CONTROLS, INC.

PRECISION SCALE AND CONTROLS, INC.EIN 43-1348097Plan #002PY 2020

3501 GRACE AVENUE - ST. LOUIS, MO 63116314-773-5449precisionscale-usa.comLinkedIn11-50 employeesfarming

Other plans on this EIN

1 filing

#001Retirement-$4.1M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+39.2% from 2019

Total participants

0.0% from 2019

Average account balance

No prior year

Annual return

5.28%

-3.50 pp from 2019

Benchmarks

See 2,106 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined benefit

Participants<25

Cohort2,106 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.62M

Not enough data

1 years with asset history on file

Average account balance

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

$327K

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

0 years with headcount on file

Eligible Participants and Participation

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

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 10-year trajectory. $4.99 for your first month.

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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.

Enrolled actuary

1 attachment

See 1 actuary disclosure. $4.99 for your first month.

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Plan features & details

Pension benefit codes1C3D

Plan features

1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$1526 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.566%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$326,582-100.0%

$319,634-100.0%

$254,510-100.0%

Participation rate

0.0%

34.7%-34.7pp

27.6%-27.6pp

43.0%-43.0pp

Annual return

5.28%

203.80%-198.5pp

174.94%-169.7pp

259.13%-253.8pp

Employer contribution / active EE

$65,667

$43,384+51.4%

$38,590+70.2%

$41,469+58.4%

Participant deferral / active EE

$8-100.0%

$153-100.0%

Admin fee / account holder

$3,517-100.0%

$3,298-100.0%

$21,546-100.0%

PRECISION SCALE AND CONTROLS, INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION SCALE AND CONTROLS, INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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