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PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 401k Plan overview

Plan NamePRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST
Plan identification number 001

PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • 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.
  • 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 MIDWEST, LTD. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION MIDWEST, LTD.
Employer identification number (EIN):364420190
NAIC Classification:423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01RICHARD A. FISHER2017-05-03 RICHARD A. FISHER2017-05-03
0012015-01-01RICHARD A. FISHER2016-05-24 RICHARD A. FISHER2016-05-24
0012014-01-01RICHARD A. FISHER2015-06-02 RICHARD A. FISHER2015-06-02
0012013-01-01RICHARD A. FISHER2014-05-20 RICHARD A. FISHER2014-05-20
0012012-01-01RICHARD A. FISHER
0012011-01-01RICHARD A. FISHER
0012009-01-01RICHARD A. FISHER
0012009-01-01RICHARD A. FISHER
0012009-01-01

Financial Data on PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST

Measure Date Value
2012 : PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$117,748
Expenses. Total of all expenses incurred2012-12-31$16,176
Benefits paid (including direct rollovers)2012-12-31$12,496
Total plan assets at end of year2012-12-31$734,753
Total plan assets at beginning of year2012-12-31$633,181
Value of fidelity bond covering the plan2012-12-31$75,000
Total contributions received or receivable from participants2012-12-31$52,622
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$65,126
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$101,572
Net plan assets at end of year (total assets less liabilities)2012-12-31$734,753
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$633,181
Assets. Value of participant loans2012-12-31$56,758
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$3,680
2011 : PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
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$68,717
Expenses. Total of all expenses incurred2011-12-31$1,782
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$633,181
Total plan assets at beginning of year2011-12-31$566,246
Value of fidelity bond covering the plan2011-12-31$75,000
Total contributions received or receivable from participants2011-12-31$48,230
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-4,625
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$66,935
Net plan assets at end of year (total assets less liabilities)2011-12-31$633,181
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$566,246
Assets. Value of participant loans2011-12-31$83,655
Total contributions received or receivable from employer(s)2011-12-31$25,112
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$1,782
2010 : PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$140,567
Expenses. Total of all expenses incurred2010-12-31$12,208
Benefits paid (including direct rollovers)2010-12-31$10,623
Total plan assets at end of year2010-12-31$566,674
Total plan assets at beginning of year2010-12-31$438,315
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$49,735
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$70,426
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$128,359
Net plan assets at end of year (total assets less liabilities)2010-12-31$566,674
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$438,315
Assets. Value of participant loans2010-12-31$62,239
Total contributions received or receivable from employer(s)2010-12-31$20,406
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,585
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 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 PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST

2012: PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PRECISION MIDWEST, LTD. EMPLOYEES SAVINGS PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number707582
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number707582
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number707582
Policy instance 1

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