Plan Ledger DOL Form 5500 · updated monthly

Precision Grinding & Manufacturing Corp.401(k)

PRECISION GRINDING & MANUFACTURING CORP. PROFIT SHARING 401(K) RETIREMENT PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

Precision Grinding & Manufacturing Corp. reported $53,500 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. 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 0.40% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,182nd of 5,648), and 7,669th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$13,155,471
Participants with balances169
Active participants134
Employer contributions—
Employee contributions$533,631
Employer contribution per active participant—
Average account balance$77,843
Benefits paid to participants$665,126
Plan auditUnmodified (clean) audit opinion
AuditorFLAHERTY SALMIN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 169 accts
2023$11.9M · 157 accts · $28K emplr
2022$10.2M · 151 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,500
Total administrative$53,500
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 · 20246
FIRST GREAT-WEST LIFE & ANNUITY$35,557
SALMIN, CELONA, WEHRLE & FLAHERTY · Accounting / audit$9,200
EMPOWER ADVISORY GROUP · Investment management$5,791
BPAS LLC · Contract administrator$2,898
RBC CAPITAL MARKETS, LLCindirect comp
LIFETIME BENEFIT SOLUTIONS · Contract administratorindirect comp

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$53,500 · 0.43%
2023$44,053 · 0.40%
2022$47,032 · 0.40%
Same employer
Similar plansManufacturing · New York
Altronix Corp NY$13.4M · 0.98%
Weber-Knapp Company, Inc. NY$13.2M · 0.15%
I3 Technology Group, LLC NY$13.1M · 0.16%
The Bazooka Companies, LLC NY$13.1M · 0.21%
Anchor Computer, Inc. NY$12.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160924683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.