Plan Ledger DOL Form 5500 · updated monthly

Precision Aerospace LLC401(k)

PRECISION AEROSPACE LLC 401(K) PROFIT SHARING PLAN & TRUST · PHOENIX, AZ · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Precision Aerospace LLC reported $29,051 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,592 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 1 year on file its reported administrative ratio rose from 0.19% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Arizona (888th of 1,285), and 11,641st of 13,661 in manufacturing. In 2023, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,209,482
Participants with balances92
Active participants104
Employer contributions$165,538
Employee contributions$525,244
Employer contribution per active participant$1,592
Average account balance$45,755
Benefits paid to participants$113,725
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.2M · 92 accts · $166K emplr
2022$3.2M · 142 accts · $120K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,051
Total administrative$29,051
The Precision Aerospace LLC 401(k) match · 2023
Employer contribution per active participant$1,592
Median for plans this size$1,308
2023$1,592 per active participant
2022$1,399 per active participant

Precision Aerospace LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,051
S B H U LIFE AGENCY INC · Other servicesindirect comp
ASSOCIATED PENSION ADMINISTRATORS, · Other servicesindirect comp

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

Administrative cost history2
2023$29,051 · 0.78%
2022$6,121 · 0.19%
Same employer
Similar plansManufacturing · Arizona
Gruber Industries, Inc. AZ$4.8M · 0.70%
F&B Mfg LLC AZ$3.9M · 0.77%
Mesa Fully Formed, LLC AZ$3.7M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860929836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.