Plan Ledger DOL Form 5500 · updated monthly

Precis Engineering, Inc.401(k)

PRECIS ENGINEERING, INC. 401(K) PLAN · AMBLER, PA · plan year 2024

Reported admin expense ratio · 2024
0.44%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Precis Engineering, Inc. reported $61,787 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,826 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.60% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (1,842nd of 3,651), and 6,550th of 11,654 in professional & technical services. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,097,111
Participants with balances179
Active participants139
Employer contributions$531,847
Employee contributions$1,628,533
Employer contribution per active participant$3,826
Average account balance$84,341
Benefits paid to participants$2,239,352
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 179 accts · $532K emplr
2023$13.0M · 166 accts · $462K emplr
2022$9.5M · 160 accts · $420K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,476
Investment management$41,325
Trustee / custodial$1,986
Total administrative$61,787
The Precis Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$3,826
Median for plans this size$2,416
2024$3,826 per active participant
2023$3,817 per active participant
2022$3,227 per active participant

Precis Engineering, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$18,476
THRIVE WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$41,325
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Loan processing$1,986

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC.

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Administrative cost history3
2024$61,787 · 0.44%
2023$56,180 · 0.50%
2022$57,270 · 0.60%
Same employer
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Array Architects, Inc. PA$15.5M · 0.08%
Performance Horizon Inc PA$15.4M · 0.47%
Easypak Holdings, LLC PA$15.3M · 0.68%
Cenero LLC PA$15.0M · 0.54%
Unitek Acquisition, Inc. PA$14.9M · 0.63%
Progenyhealth, LLC PA$14.9M · 0.27%
McKean Defense Group, Inc. PA$14.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202600116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.