Precision, Inc. 401(k) Plan: Login, Facts & Contact Information

Precision, Inc. 401(k) Plan Facts

Plan name
PRECISION, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PRECISION, INC.
Participants
906 (835 active employees)
Former employees with a balance
99
Plan assets
$61,175,580 at Sep 30, 2025
Average account balance
$68,353 across 895 accounts
Recordkeeper
Principal Life Insurance Company
Plan year
Oct 1, 2024 – Sep 30, 2025
Plan established
Dec 1, 1983
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Oct 1, 2024 – Sep 30, 2025), filed Jul 6, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.59 million went into the plan in contributions.
  • $9.15 million was paid out to participants.
  • Investment and other income added $6.73 million.
  • Administrative expenses were $165,755, about $185 per account.

How the Precision, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019969$40.7 million$0$3.28 million
2020890$46.9 million—$6.93 million
2021866$37.7 million—$4.83 million
2022994$37.6 million—$8.54 million
2023952$48.1 million—$2.86 million
2024906$61.2 million—$9.15 million

Precision, Inc. 401(k) Contact Information

Phone
641-621-2811
Mailing address
300 SE 14TH ST, PELLA IA 502192232
Plan sponsor
PRECISION, INC.
Employer identification number (EIN)
42-1089098
Plan number
001

Questions about the Precision, Inc. 401(k)

Does Precision, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Precision, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Precision, Inc 401(k) plan?

906 participants at the start of plan year 2024, 835 of them active employees, and 99 former employees who still had money in the plan.

What is the average 401(k) balance at Precision, Inc?

About $68,353 per account: $61.2 million in plan assets across 895 accounts with a balance at the end of plan year 2024.

Who manages the Precision, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Precision, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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