Plan Ledger DOL Form 5500 · updated monthly

Precision Medical Products, Inc.401(k)

PRECISION MEDICAL PRODUCTS, INC. 401(K) PLAN · ROCKLIN, CA · plan year 2022

Reported admin expense ratio · 2022
0.53%

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

Precision Medical Products, Inc. reported $7,403 in plan administrative expenses for 2022: 0.53% of average plan assets, above the peer median. Employer contributions averaged $1,017 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (8,587th of 9,483), and 13,097th of 13,661 in manufacturing. In 2022, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,411,756
Participants with balances96
Active participants176
Employer contributions$178,975
Employee contributions$345,087
Employer contribution per active participant$1,017
Average account balance$14,706
Benefits paid to participants$263,837
Plan auditUnmodified (clean) audit opinion
AuditorAUDIT AND TAX SOLUTIONS, CPAS, INC.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,403
Total administrative$7,403
The Precision Medical Products, Inc. 401(k) match · 2022
Employer contribution per active participant$1,017
Median for plans this size$1,114

Precision Medical Products, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,403 · 0.53%
Similar plansManufacturing · California
Qc Manufacturing, Inc. CA$1.5M · 0.70%
Pacific Vial Mfg., Inc. CA$1.5M · 1.75%
Npi Solutions Inc. CA$1.4M · 0.05%
Innovation Bakers, LLC CA$1.4M · 0.10%
Santini Foods, Inc. CA$1.4M · 0.68%
K Tech Machine Inc CA$1.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 272164437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.