Profit Sharing · DOL Form 5500 · 2022

Phillips Precision, Inc. Profit Sharing Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
199
Participants Below avg headcount
54th
Percentile by assets National rank
$29,787
Avg per participant Low balance/head
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Official DOL plan name: Phillips Precision, Inc. Pension Plan · Sponsored by Phillips Precision, Inc. · New Jersey · Manufacturing

$6M in assets, 199 participants

Phillips Precision, Inc.'s Phillips Precision, Inc. Pension Plan reported $6M in total assets and 199 participants in its 2022 DOL Form 5500 filing, ranking in the 54th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,947 in Manufacturing (20,602 peers)

Coverage in New Jersey

Phillips Precision, Inc. Pension Plan covers 199 participants in New Jersey, about 24% of the average New Jersey filer (state average ~844 per filing). Assets: $6M.

#7,947
in Manufacturing (20,602 peers)
-17.6%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Phillips Precision, Inc. Pension Plan's mid-pack asset rank among Manufacturing and all filers

Phillips Precision, Inc. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$5,927,656 Top 46% higher than 54% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Phillips Precision, Inc. Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phillips Precision, Inc. Pension Plan sits mid-pack in the medium band (199 participants).

Plan-year Form 5500 strip

Filing strip 222071997 · Phillips Precision, Inc. PY 2022 · Profit Sharing

Phillips Precision, Inc. Pension Plan · $6M · 199 · 54th

  • EBSA $6M
  • EBSA 199
  • EBSA 54th
  • EBSA Profit Sharing
  • EBSA near Encompass Community Services 403(b) Plan
  • EBSA ind #7947

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in New Jersey →

Phillips Precision, Inc. Pension Plan in the asset neighbourhood

Phillips Precision, Inc. Pension PlanPhillips Precision, Inc. Pen…$6MEncompass Community Services 403(b) PlanEncompass Community Services…$6MRobin B Blakkolb Ltd Profit Sharing PlanRobin B Blakkolb Ltd Profit …$6MPaul R. Earnhart, Inc. Retirement PlanPaul R. Earnhart, Inc. Retir…$6MSavio House Retirement Plan$6M
End-of-year total assets ($M) among Phillips Precision, Inc. Pension Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$6M
Net Income-$1M
Employer EIN222071997
Plan Effective Date1976-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Phillips Precision, Inc.)

Sponsor-wide plan assets over time

All Phillips Precision, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 21.729242754288734% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $9.59M $7.5M ▼ -21.8%
Year Plans Participants Total Assets
2022 2 419 $10M
2023 1 211 $12K
2024 1 297 $8M

Nearby Profit Sharing Plans in New Jersey

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Phillips Precision, Inc. Pension Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.522.5 Total assets ($B) Participants Phillips Precision, Inc. Pension Plan, Total assets ($B): 0.005927656 · Participants: 199Phillips Precision, Inc. Pension PlanErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.170942715 · Participants: 2189Ernst & Young Partnership Retirement (Hr-10) PlanPrinceton University Retirement Plan, Total assets ($B): 1.829863121 · Participants: 8141Princeton University Retirement PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.328796729 · Participants: 10006Operating Engineers Local 825 Profit Sharing FundHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.300397825 · Participants: 8556Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.592706172 · Participants: 3061IBEW Local Union No 102 Surety Plan
Phillips Precision, Inc. Pension Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
Compare Phillips Precision, Inc. Pension Plan side-by-side with 3 peers →

Phillips Precision, Inc. Pension Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New Jersey, the nearest Profit Sharing by assets is Encompass Community Services 403(b) Plan in CA ($6M); by covered participants it is West Texas Opportunities, Inc. Profit Sharing Plan in TX (199 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Similar participant headcount

Nearest other-state filings by covered participants (199 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Phillips Precision, Inc. Pension Plan assets move in 2022? ▼
Phillips Precision, Inc. Pension Plan declined sharply - down 17.6% during 2022, from $7M to $6M. Reported net income was -$1M.
How have Phillips Precision, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Phillips Precision, Inc.'s sponsor-wide assets declined 21.7%, from $10M to $8M.
Which Profit Sharing plans are similar in size to Phillips Precision, Inc. Pension Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Encompass Community Services 403(b) Plan in CA ($6M, 348 participants).
Which Profit Sharing plans cover a similar participant headcount to Phillips Precision, Inc. Pension Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is West Texas Opportunities, Inc. Profit Sharing Plan in TX (199 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 222071997.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.