Plan Ledger DOL Form 5500 · updated monthly

Precision Products Group, Inc.401(k)

PRECISION PRODUCTS GROUP, INC. RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.64%

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

Precision Products Group, Inc. reported $38,629 in plan administrative expenses for 2023: 0.64% of average plan assets, above the peer median. Employer contributions averaged $831 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 fell from 0.65% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,016th of 1,562), and 9,889th of 13,661 in manufacturing. In 2023, employees put in $3.00 for every $1.00 the employer contributed; active participation has grown from 160 to 185 since 2022.

Plan summary
Net assets, end of year$7,549,690
Participants with balances137
Active participants185
Employer contributions$153,739
Employee contributions$461,853
Employer contribution per active participant$831
Average account balance$55,107
Benefits paid to participants$698,073
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 124 accts · $145K emplr
2023$7.5M · 137 accts · $154K emplr
2022$4.6M · 107 accts · $120K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,117
Investment management$18,981
Total administrative$38,629
The Precision Products Group, Inc. 401(k) match · 2023
Employer contribution per active participant$831
Median for plans this size$1,308
2024$907 per active participant
2023$831 per active participant
2022$752 per active participant

Precision Products Group, Inc.'s 2023 employer contribution ran below the $1,308 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
STRATEGIES WEALTH ADVISORS · Pension consulting · Investment advisory (plan)$21,512
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$17,117

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$38,549 · 0.55%
2023$38,629 · 0.64%
2022$35,808 · 0.65%
Same employer
Similar plansManufacturing · Indiana
Aero Industries, Inc. IN$7.8M · 0.37%
Heritage Products Inc. IN$7.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363858797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.