Precision Machine Works, Inc.401(k)
CADENCE AEROSPACE PRECISION MACHINE WORKS 401(K) PLAN FOR UNION EMPLOYEES · TACOMA, WA · plan year 2023
Precision Machine Works, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $13,305,149 across 97 participant accounts, with employer contributions averaging $5,929 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (907th of 1,714), and 7,615th of 13,661 in manufacturing. In 2023, employees put in $1.29 for every $1.00 the employer contributed.
Precision Machine Works, Inc.'s 2023 employer contribution ran above the $2,440 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 910673472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.