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THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 401k Plan overview

Plan NameTHE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS
Plan identification number 001

THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PRECISION PROCESS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION PROCESS, INC.
Employer identification number (EIN):161500971
NAIC Classification:332700

Additional information about PRECISION PROCESS, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2621644

More information about PRECISION PROCESS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOHN MCKINNEY2024-06-14 JOHN MCKINNEY2024-06-14
0012022-01-01JOHN MCKINNEY2023-06-28
0012021-01-01JOHN MCKINNEY2022-08-31
0012020-01-01JOHN MCKINNEY2021-07-14
0012019-01-01JOHN MCKINNEY2020-07-29
0012018-01-01JOHN MCKINNEY2019-07-19
0012017-01-01JOHN MCKINNEY2018-07-13
0012016-01-01TERESA SCZESNIAK2017-06-09
0012015-01-01JOSEPH DUDEK III2016-06-16 JOSEPH DUDEK III2016-06-16
0012014-01-01JOSEPH DUDEK III2015-06-05 JOSEPH DUDEK III2015-06-05
0012013-01-01JOSEPH DUDEK III2014-07-18 JOSEPH DUDEK III2014-07-18
0012012-01-01JOSEPH DUDEK III2013-07-25
0012011-01-01JOSEPH DUDEK III
0012010-01-01JOSEPH DUDEK, III
0012009-01-01JOE DUDEK

Plan Statistics for THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS

401k plan membership statisitcs for THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS

Measure Date Value
2011: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2011 401k membership
Total participants, beginning-of-year2011-01-0187
Total number of active participants reported on line 7a of the Form 55002011-01-0154
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0123
Total of all active and inactive participants2011-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0177
Number of participants with account balances2011-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2010: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2010 401k membership
Total participants, beginning-of-year2010-01-0187
Total number of active participants reported on line 7a of the Form 55002010-01-0157
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0126
Total of all active and inactive participants2010-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0183
Number of participants with account balances2010-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2009 401k membership
Total participants, beginning-of-year2009-01-0185
Total number of active participants reported on line 7a of the Form 55002009-01-0154
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0125
Total of all active and inactive participants2009-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0179
Number of participants with account balances2009-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS

Measure Date Value
2011 : THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$155,656
Expenses. Total of all expenses incurred2011-12-31$323,477
Benefits paid (including direct rollovers)2011-12-31$310,146
Total plan assets at end of year2011-12-31$2,459,746
Total plan assets at beginning of year2011-12-31$2,627,567
Value of fidelity bond covering the plan2011-12-31$340,000
Total contributions received or receivable from participants2011-12-31$144,579
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-10,680
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-167,821
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,459,746
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,627,567
Assets. Value of participant loans2011-12-31$94,222
Total contributions received or receivable from employer(s)2011-12-31$21,757
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$13,331
2010 : THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2010 401k financial data
Total income from all sources2010-12-31$446,668
Expenses. Total of all expenses incurred2010-12-31$327,384
Benefits paid (including direct rollovers)2010-12-31$314,607
Total plan assets at end of year2010-12-31$2,627,567
Total plan assets at beginning of year2010-12-31$2,508,283
Value of fidelity bond covering the plan2010-12-31$340,000
Total contributions received or receivable from participants2010-12-31$96,530
Other income received2010-12-31$350,138
Net income (gross income less expenses)2010-12-31$119,284
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,627,567
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,508,283
Assets. Value of participant loans2010-12-31$95,041
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$12,777
2009 : THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS

2011: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE 401K PLAN FOR EMPLOYEES OF PRECISION PROCESS 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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