Profit Sharing · DOL Form 5500 · 2023

Phillips Precision, Inc. Profit Sharing Plan

Data updated 2026-08-25

$12K
Total assets Small plan by assets
211
Participants Below avg headcount
2nd
Percentile by assets National rank
$56
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

$12K in assets, 211 participants

Phillips Precision, Inc.'s Phillips Precision, Inc. Pension Plan reported $12K in total assets and 211 participants in its 2023 DOL Form 5500 filing, ranking in the 2nd 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.

  • #130 in Manufacturing (18,722 peers)

Coverage in New Jersey

Phillips Precision, Inc. Pension Plan covers 211 participants in New Jersey, about 25% of the average New Jersey filer (state average ~844 per filing). Assets: $12K.

#130
in Manufacturing (18,722 peers)
-99.8%
assets change YoY

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Phillips Precision, Inc. Pension Plan among the smaller filed plans by assets

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

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

$11,813 2nd percentile higher than 2% 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

Phillips Precision, Inc. Pension 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. Phillips Precision, Inc. Pension Plan sits mid-pack in the medium band (211 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Phillips Precision, Inc. Pension Plan reported net income fell from -$1M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
  • Phillips Precision, Inc. Pension Plan end-of-year assets fell from $6M in the plan year 2022 filing to $12K in the plan year 2023 filing.
  • Phillips Precision, Inc. Pension Plan reported participants rose from 199 in the plan year 2022 filing to 211 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 222071997 · Phillips Precision, Inc. PY 2023 · Profit Sharing

Phillips Precision, Inc. Pension Plan · $12K · 211 · 2nd

  • BOY $12K
  • BOY 211
  • BOY 2nd
  • BOY Profit Sharing
  • BOY near Fresh Fare, Inc. Retirement Plan
  • BOY ind #130

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…$12KFresh Fare, Inc. Retirement PlanFresh Fare, Inc. Retirement …$12KRehm & Browne Inc. Retirement PlanRehm & Browne Inc. Retiremen…$12KOliver Restoration Inc. Retirement PlanOliver Restoration Inc. Reti…$12KPolestar Yacht Delivery, Inc. Profit Sharing PlanPolestar Yacht Delivery, Inc…$12K
End-of-year total assets ($M) among Phillips Precision, Inc. Pension Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)N/A
Net Income-$4M
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 -10123 Total assets ($B) Participants Phillips Precision, Inc. Pension Plan, Total assets ($B): 0.000011813 · Participants: 211Phillips Precision, Inc. Pension PlanErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.4875433 · Participants: 1843Ernst & Young Partnership Retirement (Hr-10) PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.438796802 · Participants: 10336Operating Engineers Local 825 Profit Sharing FundHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.401252704 · Participants: 8602Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.637415895 · Participants: 2283IBEW Local Union No 102 Surety PlanKpmg Partner Retirement Savings Plan, Total assets ($B): 0.529416194 · Participants: 1895Kpmg Partner Retirement Savings 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 Fresh Fare, Inc. Retirement Plan in VA ($12K); by covered participants it is Axiscare Health Logistics Pr Retirement Plan in PR (211 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (211 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 Phillips Precision, Inc. Pension Plan assets move in 2023? ▼
Phillips Precision, Inc. Pension Plan contracted severely - down 99.8% during 2023, from $6M to $12K. Reported net income was -$4M.
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.
Where does Phillips Precision, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Phillips Precision, Inc. Pension Plan ranks in the 2nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
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 Fresh Fare, Inc. Retirement Plan in VA ($12K, 1 participant).
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 Axiscare Health Logistics Pr Retirement Plan in PR (211 participants, $3M 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 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.