Precision Tools Service 401(k) match, vesting and fees
What Precision Tools Service's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Precision Tools Service: employer contribution per participant | $1,875 | |
| Peer median | $1,988 |
| Precision Tools Service: average balance | $61,717 | |
| Peer median | $75,431 |
| Precision Tools Service: admin expenses ÷ assets | 0.39% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $10.8M at the end of plan year 2021 to $14M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 273 | $14M | $426K | $1,875 | 0.39% | Not published | Form 5500 ↗ |
| 2023 | 207 | $11.7M | $367K | $1,773 | 0.41% | Not published | Form 5500 ↗ |
| 2022 | 180 | $9.9M | $325K | $1,804 | 0.42% | Not published | Form 5500 ↗ |
| 2021 | 220 | $10.8M | $315K | $1,742 | 0.45% | Not published | Form 5500 ↗ |
Common questions
Does Precision Tools Service match 401(k) contributions?
The match terms for the Pts Group Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $426K in employer contributions, about $1,875 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Precision Tools Service 401(k) match vested?
The vesting schedule for the Pts Group Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Precision Tools Service 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Precision Tools Service, Inc..
I left Precision Tools Service. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Precision Tools Service, Inc., (812) 342-1234) or the recordkeeper, Principal Life Insurance Company. The Precision Tools Service old 401(k) page lists the contacts from every plan filing. Find an old Precision Tools Service 401(k)
Data from the public Form 5500 annual reports Precision Tools Service filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Precision Tools Service. Not financial advice. Report a correction · Methodology