401(k) · DOL Form 5500 · 2024

Precision, Inc. 401(k) Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
792
Participants Near avg headcount
86th
Percentile by assets National rank
$77,242
Avg per participant Below avg balance/head
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Official DOL plan name: Precision, Inc. 401(k) Plan · Sponsored by Precision, Inc. · Iowa · Manufacturing

$61M in assets, 792 participants

Precision, Inc.'s Precision, Inc. 401(k) Plan reported $61M in total assets and 792 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,268 in Manufacturing (17,777 peers)

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

Precision, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $61M for 792 participants (~$77,242/participant), up 27.2% in 2024.

#14,268
in Manufacturing (17,777 peers)
+27.2%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$61,175,580 Top 14% higher than 86% 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

Precision, Inc. 401(k) Plan 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. Precision, Inc. 401(k) Plan sits mid-pack in the medium band (792 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Precision, Inc. 401(k) Plan reported net income fell from $11M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Precision, Inc. 401(k) Plan end-of-year assets rose from $48M in the plan year 2023 filing to $61M in the plan year 2024 filing.
  • Precision, Inc. 401(k) Plan reported participants fell from 823 in the plan year 2023 filing to 792 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 421089098 · Precision, Inc. PY 2024 · 401(k)

Precision, Inc. 401(k) Plan · $61M · 792 · 86th

  • TYPE $61M
  • NET 792
  • BOOK 86th
  • VS-ST 401(k)
  • BOY near Mac Haik Employees' Retirement Plan
  • SCH ind #14268

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 Iowa →

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

Precision, Inc. 401(k) Plan$61MMac Haik Employees' Retirement PlanMac Haik Employees' Retireme…$61MLandcare 401(k) Retirement PlanLandcare 401(k) Retirement P…$61MCooper Investors, Inc. 401(k) PlanCooper Investors, Inc. 401(k…$61MNiemann Foods, Inc. 401(k) Profit Sharing PlanNiemann Foods, Inc. 401(k) P…$61M
End-of-year total assets ($M) among Precision, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$61M
Net Income$2M
Employer EIN421089098
Plan Effective Date1983-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Precision, Inc.)

Sponsor-wide plan assets over time

All Precision, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$534M 21.308733039619284% vs 2022
2024 filing year
$400M$450M$500M$550M 202220232024 $440M $534M ▲ +21.3%
Year Plans Participants Total Assets
2022 2 1,460 $440M
2023 2 1,490 $486M
2024 2 1,450 $534M

Nearby 401(k) Plans in Iowa

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

Precision, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Precision, Inc. 401(k) Plan, Total assets ($B): 0.06117558 · Participants: 792Precision, Inc. 401(k) PlanThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Precision, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Precision, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest 401(k) by assets is Mac Haik Employees' Retirement Plan in TX ($61M); by covered participants it is Upwork Retirement Savings Plan in CA (792 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($61M here).

Similar participant headcount

Nearest other-state filings by covered participants (792 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 Precision, Inc. 401(k) Plan assets move in 2024? ▼
Precision, Inc. 401(k) Plan grew sharply - up 27.2% during 2024, from $48M to $61M. Reported net income was $2M.
How have Precision, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Precision, Inc.'s sponsor-wide assets grew 21.3%, from $440M to $534M.
Where does Precision, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Precision, Inc. 401(k) Plan ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Precision, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mac Haik Employees' Retirement Plan in TX ($61M, 1,915 participants).
Which 401(k) plans cover a similar participant headcount to Precision, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Upwork Retirement Savings Plan in CA (792 participants, $122M 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 421089098.

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.