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

Precision Fabrics Group, Inc. 401(k) Plan Facts

Plan name
PRECISION FABRICS GROUP, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PRECISION FABRICS GROUP, INC.
Participants
635 (475 active employees)
Former employees with a balance
136
Plan assets
$37,739,697 at Dec 31, 2024
Average account balance
$64,292 across 587 accounts
Employer contributions
$705,579 in plan year 2024 (25% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 1988
✓ 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 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.85 million went into the plan in contributions, $705,579 of it from the employer (25%).
  • $7.84 million was paid out to participants.
  • Investment and other income added $5.43 million.
  • Administrative expenses were $157,184, about $268 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019645$33.9 million$679,864$2.61 million
2020699$36.3 million$758,270$4.31 million
2021710$40.7 million$665,261$3.22 million
2022648$33.3 million$697,481$3.43 million
2023672$37.4 million$706,171$3.88 million
2024635$37.7 million$705,579$7.84 million

Precision Fabrics Group, Inc. 401(k) Contact Information

Phone
336-510-8010
Mailing address
333 N GREENE ST STE 100, GREENSBORO NC 274012142
Plan sponsor
PRECISION FABRICS GROUP, INC.
Employer identification number (EIN)
56-1595882
Plan number
002

Questions about the Precision Fabrics Group, Inc. 401(k)

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

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $705,579, 25% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

635 participants at the start of plan year 2024, 475 of them active employees, and 136 former employees who still had money in the plan.

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

About $64,292 per account: $37.7 million in plan assets across 587 accounts with a balance at the end of plan year 2024.

Who manages the Precision Fabrics Group, 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 Fabrics Group, 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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