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

Precision Associates, Inc. 401(k) Plan Facts

Plan name
PRECISION ASSOCIATES, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PRECISION ASSOCIATES, INC.
Participants
348 (199 active employees)
Former employees with a balance
98
Plan assets
$22,034,136 at Dec 31, 2024
Average account balance
$75,980 across 290 accounts
Employer contributions
$353,006 in plan year 2024 (26% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1991
✓ 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 (Jan 1, 2024 – Dec 31, 2024), filed Oct 3, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.37 million went into the plan in contributions, $353,006 of it from the employer (26%).
  • $2.21 million was paid out to participants.
  • Investment and other income added $2.92 million.
  • Administrative expenses were $36,146, about $125 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019597$16.9 million$271,750$8.96 million
2020316$18.5 million$306,445$2.24 million
2021293$21.1 million$291,768$1.21 million
2022292$16.4 million$571,593$2.56 million
2023302$20.0 million$345,452$814,155
2024348$22.0 million$353,006$2.21 million

Precision Associates, Inc. 401(k) Contact Information

Phone
612-334-9116
Mailing address
3800 NORTH WASHINGTON AVENUE, MINNEAPOLIS MN 55412
Plan sponsor
PRECISION ASSOCIATES, INC.
Employer identification number (EIN)
41-0763581
Plan number
001

Questions about the Precision Associates, Inc. 401(k)

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

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $353,006, 26% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

348 participants at the start of plan year 2024, 199 of them active employees, and 98 former employees who still had money in the plan.

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

About $75,980 per account: $22.0 million in plan assets across 290 accounts with a balance at the end of plan year 2024.

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

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

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

Your account stays with Empower 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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