Plan Ledger DOL Form 5500 · updated monthly

Precision Resources, Inc.401(k)

PRECISION RESOURCES, INC. 401(K) PROFIT SHARING PLAN · COCOA, FL · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Precision Resources, Inc. reported $71,200 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,910 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 0.66% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,569th-largest of 3,644 plans among Florida employers on file, and 529th of 786 in management of companies. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 138 to 165 since 2022.

Plan summary
Net assets, end of year$12,201,628
Participants with balances156
Active participants165
Employer contributions$480,093
Employee contributions$874,803
Employer contribution per active participant$2,910
Average account balance$78,216
Benefits paid to participants$1,406,443
Plan auditUnmodified (clean) audit opinion
AuditorBERMAN, HOPKINS CPA'S & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 156 accts · $480K emplr
2023$11.6M · 182 accts · $399K emplr
2022$9.9M · 147 accts · $362K emplr
The Precision Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$2,910
Median for plans this size$2,416
2024$2,910 per active participant
2023$2,792 per active participant
2022$2,624 per active participant

Precision Resources, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIRSTRUST, LLC · Investment advisory (plan)$59,072
RICHARD BLUM AND ASSOCIATES$4,950

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$71,200 · 0.60%
2023$60,762 · 0.56%
2022$68,437 · 0.66%
Similar plansManagement of Companies · Florida
Origis USA, LLC FL$17.2M · 0.36%
Kilravock Holding Corp FL$14.7M · 0.40%
Conti Federal Services, LLC FL$12.2M · 0.63%
Kimmins Contracting Corp. FL$12.0M · 0.29%
Icbd Holdings, LLC FL$11.8M · 1.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 593159286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.