401(k) · DOL Form 5500 · 2023

Precision Fabrics Group, Inc. 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
508
Participants Below avg headcount
82nd
Percentile by assets National rank
$73,714
Avg per participant Below avg balance/head
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Official DOL plan name: Precision Fabrics Group, Inc. 401(k) Plan · Sponsored by Precision Fabrics Group, Inc. · North Carolina · Manufacturing

$37M in assets, 508 participants

Precision Fabrics Group, Inc.'s Precision Fabrics Group, Inc. 401(k) Plan reported $37M in total assets and 508 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #13,997 in Manufacturing (18,722 peers)

Where Precision Fabrics Group, Inc. 401(k) Plan sits by assets

Precision Fabrics Group, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $37M for 508 participants (~$73,714/participant), up 12.5% in 2023.

#13,997
in Manufacturing (18,722 peers)
+12.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Precision Fabrics Group, Inc. 401(k) Plan's outsized position by total assets

Precision Fabrics Group, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$37,446,730 Top 18% higher than 82% of 127,068 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 2023

Precision Fabrics Group, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Precision Fabrics Group, Inc. 401(k) Plan sits mid-pack in the medium band (508 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Precision Fabrics Group, Inc. 401(k) Plan reported net income rose from -$7M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Precision Fabrics Group, Inc. 401(k) Plan end-of-year assets rose from $33M in the plan year 2022 filing to $37M in the plan year 2023 filing.
  • Precision Fabrics Group, Inc. 401(k) Plan reported participants fell from 518 in the plan year 2022 filing to 508 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561595882 · Precision Fabrics Group, Inc. PY 2023 · 401(k)

Precision Fabrics Group, Inc. 401(k) Plan · $37M · 508 · 82nd

  • TYPE $37M
  • TYPE 508
  • TYPE 82nd
  • TYPE 401(k)
  • TYPE near Brannan Sand and Gravel Company Savings Plan
  • TYPE ind #13997

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 North Carolina →

Precision Fabrics Group, Inc. 401(k) Plan in the asset neighbourhood

Precision Fabrics Group, Inc. 401(k) PlanPrecision Fabrics Group, Inc…$37MBrannan Sand and Gravel Company Savings PlanBrannan Sand and Gravel Comp…$37MCooper Companies, Inc. 401(k) Profit Sharing PlanCooper Companies, Inc. 401(k…$37MPackaging Machinery Manufacturers Institute 401(k) and Profit Sharing PlanPackaging Machinery Manufact…$37MMillcreek Anesthesia, P.C. Profit Sharing PlanMillcreek Anesthesia, P.C. P…$37M
End-of-year total assets ($M) among Precision Fabrics Group, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$37M
Net Income$4M
Employer EIN561595882
Plan Effective Date1988-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Precision Fabrics Group, Inc.)

Sponsor-wide plan assets over time

All Precision Fabrics Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$38M 13.358608240678297% vs 2022
2024 filing year
$32M$34M$36M$38M$40M 202220232024 $33.3M $37.7M ▲ +13.4%
Year Plans Participants Total Assets
2022 1 518 $33M
2023 1 508 $37M
2024 1 453 $38M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Precision Fabrics Group, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Precision Fabrics Group, Inc. 401(k) Plan, Total assets ($B): 0.03744673 · Participants: 508Precision Fabrics Group, Inc. 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Precision Fabrics Group, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Precision Fabrics Group, Inc. 401(k) Plan side-by-side with 3 peers →

Precision Fabrics Group, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Brannan Sand and Gravel Company Savings Plan in CO ($37M); by covered participants it is Southern Hvac Corporation 401(k) Plan in FL (508 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (508 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Precision Fabrics Group, Inc. 401(k) Plan assets move in 2023? ▼
Precision Fabrics Group, Inc. 401(k) Plan grew at a solid clip - up 12.5% during 2023, from $33M to $37M. Reported net income was $4M.
How have Precision Fabrics Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Precision Fabrics Group, Inc.'s sponsor-wide assets grew 13.4%, from $33M to $38M.
Where does Precision Fabrics Group, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Precision Fabrics Group, Inc. 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Precision Fabrics Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brannan Sand and Gravel Company Savings Plan in CO ($37M, 539 participants).
Which 401(k) plans cover a similar participant headcount to Precision Fabrics Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Southern Hvac Corporation 401(k) Plan in FL (508 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561595882.

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.