401(k) · DOL Form 5500 · 2023

Major Tool & Machine, Inc. 401(k) Plan

Data updated 2026-08-25

$133M
Total assets Near avg plan size
1,044
Participants Near avg headcount
93rd
Percentile by assets National rank
$127,610
Avg per participant Near avg balance/head
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Official DOL plan name: Precinmac 401(k) Plan · Sponsored by Major Tool & Machine, Inc. · Indiana · Manufacturing

$133M in assets, 1,044 participants

Major Tool & Machine, Inc.'s Precinmac 401(k) Plan reported $133M in total assets and 1,044 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #16,704 in Manufacturing (18,722 peers)

Where Precinmac 401(k) Plan sits by assets

Precinmac 401(k) Plan sits in the top 10% of all filed plans by assets, $133M for 1,044 participants (~$127,610/participant), up 65.9% in 2023.

#16,704
in Manufacturing (18,722 peers)
+65.9%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Precinmac 401(k) Plan's outsized position by total assets

Precinmac 401(k) Plan vs every filed plan by assets

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

$133,224,765 Top 7% higher than 93% 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

Precinmac 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Precinmac 401(k) Plan lands in the large band (1,044 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Precinmac 401(k) Plan reported net income rose from -$15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Precinmac 401(k) Plan reported participants rose from 391 in the plan year 2022 filing to 1,044 in the plan year 2023 filing.
  • Precinmac 401(k) Plan end-of-year assets rose from $80M in the plan year 2022 filing to $133M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 350848038 · Major Tool & Machine, Inc. PY 2023 · 401(k)

Precinmac 401(k) Plan · $133M · 1,044 · 93rd

  • 5500 $133M
  • ASSETS 1,044
  • PCT 93rd
  • EIN 401(k)
  • RANK near Johnson Controls Federal Systems, Inc. Retirement Savings Plan
  • PHOTO ind #16704

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 Indiana →

Precinmac 401(k) Plan in the asset neighbourhood

Saddle Creek Corporation Retirement Savings PlanSaddle Creek Corporation Ret…$133MPrecinmac 401(k) Plan$133MJohnson Controls Federal Systems, Inc. Retirement Savings PlanJohnson Controls Federal Sys…$133MJ.S. Held LLC 401(k) Profit Sharing PlanJ.S. Held LLC 401(k) Profit …$133MHost Hotels & Resorts L. P. Retirement and Savings PlanHost Hotels & Resorts L. P. …$133M
End-of-year total assets ($M) among Precinmac 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)$80M
Net Assets (End of Year)$133M
Net Income$18M
Employer EIN350848038
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Major Tool & Machine, Inc.)

Sponsor-wide plan assets over time

All Major Tool & Machine, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$152M 89.14344851748677% vs 2022
2024 filing year
$50M$100M$150M$200M 202220232024 $80.3M $152M ▲ +89.2%
Year Plans Participants Total Assets
2022 1 391 $80M
2023 1 1,044 $133M
2024 1 1,443 $152M

Nearby 401(k) Plans in Indiana

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

Precinmac 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Precinmac 401(k) Plan, Total assets ($B): 0.133224765 · Participants: 1044Precinmac 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Precinmac 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Precinmac 401(k) Plan side-by-side with 3 peers →

Precinmac 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Johnson Controls Federal Systems, Inc. Retirement Savings Plan in WI ($133M); by covered participants it is Plaid 401(k) Plan in CA (1,044 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,044 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 Precinmac 401(k) Plan assets move in 2023? ▼
Precinmac 401(k) Plan surged - up 65.9% during 2023, from $80M to $133M. Reported net income was $18M.
How have Major Tool & Machine, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Major Tool & Machine, Inc.'s sponsor-wide assets grew 89.1%, from $80M to $152M.
Where does Precinmac 401(k) Plan rank by assets among Form 5500 filers? ▼
Precinmac 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Precinmac 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Johnson Controls Federal Systems, Inc. Retirement Savings Plan in WI ($133M, 819 participants).
Which 401(k) plans cover a similar participant headcount to Precinmac 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Plaid 401(k) Plan in CA (1,044 participants, $60M 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 350848038.

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.