Plan Ledger DOL Form 5500 · updated monthly

Precision Drive & Control, Inc.401(k)

PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN · MONROE, WI · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Precision Drive & Control, Inc. reported $5,273 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,050 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 0.03% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 771st-largest of 1,936 plans among Wisconsin employers on file, and the 1,820th of 5,337 in construction. In 2023, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,237,031
Participants with balances136
Active participants106
Employer contributions$217,279
Employee contributions$708,973
Employer contribution per active participant$2,050
Average account balance$170,861
Benefits paid to participants$407,669
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 148 accts · $262K emplr
2023$23.2M · 136 accts · $217K emplr
2022$18.0M · 126 accts · $215K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,252
Total administrative$5,273
The Precision Drive & Control, Inc. 401(k) match · 2023
Employer contribution per active participant$2,050
Median for plans this size$2,440
2024$2,321 per active participant
2023$2,050 per active participant
2022$2,072 per active participant

Precision Drive & Control, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20232
COMPENSATION SYSTEMS, INC · Contract administrator$5,270

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$52,581 · 0.23%
2023$5,273 · 0.03%
2022$5,795 · 0.03%
All plans at this employer2
PRECISION DRIVE & CONTROL, INC. RETIREMENT SAVINGS PLAN401(k)
PRECISION DRIVE & CONTROL, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Northern Clearing Inc. WI$25.7M · 0.00%
Erdman Company WI$24.5M · 0.25%
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Neuman Pools, Inc. WI$23.3M · 0.11%
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Staff Electric Company Inc WI$22.3M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391251035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.