Plan Ledger DOL Form 5500 · updated monthly

Precision Parking401(k)

PRECISION PARKING 401K · SAN CARLOS, CA · plan year 2022

Employer contribution per participant · 2022
$1

Precision Parking's 2022 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 $597 across 2 participant accounts, with employer contributions averaging $1 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (9,476th of 9,483), and 3,340th of 3,341 in other services. In 2022, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$597
Participants with balances2
Active participants372
Employer contributions$209
Employee contributions$397
Employer contribution per active participant$1
Average account balance$299
The Precision Parking 401(k) match · 2022
Employer contribution per active participant$1
Median for plans this size$331

Precision Parking's 2022 employer contribution ran below the $331 median for plans its size, in the bottom 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 770473856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.