401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$152M
Total assets Near avg plan size
1,443
Participants Near avg headcount
93rd
Percentile by assets National rank
$105,271
Avg per participant Below avg balance/head
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Official DOL plan name: Precinmac 401(k) Plan · Sponsored by Major Tool & Machine, Inc. · Indiana · Manufacturing

$152M in assets, 1,443 participants

Major Tool & Machine, Inc.'s Precinmac 401(k) Plan reported $152M in total assets and 1,443 participants in its 2024 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.

  • #15,907 in Manufacturing (17,777 peers)

Coverage in Indiana

Precinmac 401(k) Plan covers 1,443 participants in Indiana, 2.7x the typical Indiana plan (state average ~541 per filing). Assets: $152M.

#15,907
in Manufacturing (17,777 peers)
+14.0%
assets growth YoY
1.5×
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 2024 · DOL Form 5500

$151,906,095 Top 7% higher than 93% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Precinmac 401(k) Plan lands in the large band (1,443 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Precinmac 401(k) Plan reported participants rose from 1,044 in the plan year 2023 filing to 1,443 in the plan year 2024 filing.
  • Precinmac 401(k) Plan end-of-year assets rose from $133M in the plan year 2023 filing to $152M in the plan year 2024 filing.
  • Precinmac 401(k) Plan reported net income rose from $18M in the plan year 2023 filing to $19M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 350848038 · Major Tool & Machine, Inc. PY 2024 · 401(k)

Precinmac 401(k) Plan · $152M · 1,443 · 93rd

  • EOY $152M
  • EOY 1,443
  • EOY 93rd
  • EOY 401(k)
  • EOY near Canon Business Process Services Retirement and Investment Plan
  • EOY ind #15907

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

Avl North America, Inc. 401(k) PlanAvl North America, Inc. 401(…$152MPrecinmac 401(k) Plan$152MCanon Business Process Services Retirement and Investment PlanCanon Business Process Servi…$152MAmada North America Group Profit Sharing and 401(k) PlanAmada North America Group Pr…$152MMetro Aviation, Inc. Employees' Deferred Saving and Retirement PlanMetro Aviation, Inc. Employe…$152M
End-of-year total assets ($M) among Precinmac 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$133M
Net Assets (End of Year)$152M
Net Income$19M
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. -20000020000400006000080000 -5051015 Total assets ($B) Participants Precinmac 401(k) Plan, Total assets ($B): 0.151906095 · Participants: 1443Precinmac 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel 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 Canon Business Process Services Retirement and Investment Plan in NY ($152M); by covered participants it is Independent Financial 401(k) Profit Sharing Plan in TX (1,443 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,443 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Precinmac 401(k) Plan grew at a solid clip - up 14.0% during 2024, from $133M to $152M. Reported net income was $19M.
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 123,622 plans that reported assets for plan year 2024 (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 Canon Business Process Services Retirement and Investment Plan in NY ($152M, 1,291 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 Independent Financial 401(k) Profit Sharing Plan in TX (1,443 participants, $143M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.