401(k) · DOL Form 5500 · 2024
Phillips Precision Inc 401(k) Plan
Data updated 2026-08-25
- $8M
- Total assets Small plan by assets
- 297
- Participants Below avg headcount
- 50th
- Percentile by assets National rank
- $25,265
- Avg per participant Low balance/head
Official DOL plan name: Phillips Precision Inc. 401(k) · Sponsored by Phillips Precision Inc · New Jersey · Manufacturing
$8M in assets, 297 participants
Phillips Precision Inc's Phillips Precision Inc. 401(k) reported $8M in total assets and 297 participants in its 2024 DOL Form 5500 filing, ranking in the 50th 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.
- #6,051 in Manufacturing (17,777 peers)
Coverage in New Jersey
Phillips Precision Inc. 401(k) covers 297 participants in New Jersey, about 35% of the average New Jersey filer (state average ~844 per filing). Assets: $8M.
- #6,051
- in Manufacturing (17,777 peers)
- +18.1%
- assets growth YoY
Phillips Precision Inc. 401(k)'s mid-pack asset rank among Manufacturing and all filers
Phillips Precision Inc. 401(k) vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$7,503,668 Top 50% higher than 50% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Phillips Precision Inc. 401(k) among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phillips Precision Inc. 401(k) sits mid-pack in the medium band (297 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2024
- Phillips Precision Inc. 401(k) reported net income rose from -$470K in the plan year 2022 filing to $1M in the plan year 2024 filing.
- Phillips Precision Inc. 401(k) end-of-year assets rose from $4M in the plan year 2022 filing to $8M in the plan year 2024 filing.
- Phillips Precision Inc. 401(k) reported participants rose from 220 in the plan year 2022 filing to 297 in the plan year 2024 filing.
DOL schedule card
Filing strip 222071997 · Phillips Precision Inc PY 2024 · 401(k)
Phillips Precision Inc. 401(k) · $8M · 297 · 50th
- IND $8M
- IND 297
- IND 50th
- IND 401(k)
- IND near Rons Construction Corporation 401(k) Profit Sharing Plan
- IND ind #6051
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. 401(k) in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $6M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | $1M |
| Employer EIN | 222071997 |
| Plan Effective Date | 2001-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 419 | $10M |
| 2023 | 1 | 211 | $12K |
| 2024 | 1 | 297 | $8M |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- JPMorgan Chase 401(k) Savings Plan $52.9B · 185,532
- Verizon Savings Plan for Management Employees $29.4B · 69,218
- Johnson and Johnson Savings Plan $23.6B · 42,583
- Ernst & Young Retirement Savings Plan $18.3B · 56,714
- Merck US Savings Plan $15.0B · 27,956
Phillips Precision Inc. 401(k)'s out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is Rons Construction Corporation 401(k) Profit Sharing Plan in HI ($8M); by covered participants it is Florida Credit Union 401(k) Profit Sharing Plan and Trust in FL (297 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8M here).
Similar participant headcount
Nearest other-state filings by covered participants (297 participants); asset peers above are excluded.
- Florida Credit Union 401(k) Profit Sharing Plan and Trust (FL) 297 · 0 off
- Centrus Savings Program (MD) 297 · 0 off
- Nittany Oil Company, Inc. 401(k) Plan (PA) 297 · 0 off
- Central Farm Service 401(k) Plan (MN) 297 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.