Plan Ledger DOL Form 5500 · updated monthly

Precision Contracting Services, Inc.401(k)

PRECISION CONTRACTING SERVICES, INC. 401(K) PLAN · JUPITER, FL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Precision Contracting Services, Inc. reported $23,148 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,232 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 rose from 0.00% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 825th-largest of 3,644 plans among Florida employers on file, and the 1,550th of 5,337 in construction. In 2024, the employer put in $2.22 for every $1.00 employees contributed themselves; active participation has grown from 91 to 130 since 2022.

Plan summary
Net assets, end of year$29,492,397
Participants with balances132
Active participants130
Employer contributions$1,200,155
Employee contributions$540,438
Employer contribution per active participant$9,232
Average account balance$223,427
Benefits paid to participants$1,476,653
Plan auditUnmodified (clean) audit opinion
AuditorSEARS & SLEEPER PA
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 132 accts · $1.2M emplr
2023$24.5M · 114 accts · $906K emplr
2022$18.9M · 127 accts · $801K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,115
Investment management$33
Total administrative$23,148
The Precision Contracting Services, Inc. 401(k) match · 2024
Employer contribution per active participant$9,232
Median for plans this size$2,416
2024$9,232 per active participant
2023$8,544 per active participant
2022$8,806 per active participant

Precision Contracting Services, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,841

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

Administrative cost history3
2024$23,148 · 0.09%
2023$453 · 0.00%
2022$14 · 0.00%
Same employer
Similar plansConstruction · Florida
Apg Electric, Inc FL$33.2M · 0.03%
Oec USA, Inc. FL$29.8M · 0.00%
Ridgeway Plumbing, Inc. FL$28.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593057681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.