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Form 5500 · Employee benefit plan · PELLA, IA

PRECISION, INC.

The filing calls this plan PRECISION, INC. HEALTH AND WELFARE BENEFITS PLAN.

PRECISION, INC. of PELLA, IA insures health, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is ASSUREDPARTNERS GREAT PLAINS, LLC. Coverage is written through THE LINCOLN NATIONAL LIFE INSURANCE COMPANY and 2 other carriers. The plan's most recent policy period ended in December.

Benefits broker of record
Policy year ends
Decemberas filed for plan year 2025

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 42-1089098 · plan 541 · plan year 2025, filed Jul 16, 2026

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810 other employer plans in Iowa have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.

How this plan is funded

Funding not settled by the filing

The filing does not report enough to settle how this plan pays for benefits.

All participants at the start of the year
741
Active at start of year
718
Active at end of year
957
Disclosed commissions
$78,773
Typical renewal
January 1

Benefits declared on this filing

Healthinsured — METROPOLITAN LIFE INSURANCE COMPANY180 of 741 participants (24%) on the largest contract
Dentaldeclared, not on Schedule A
Visioninsured — FIDELITY SECURITY LIFE INSURANCE COMPANY1,343 of 741 participants
Lifeinsured — THE LINCOLN NATIONAL LIFE INSURANCE COMPANY957 of 741 participants
Disabilityinsured — THE LINCOLN NATIONAL LIFE INSURANCE COMPANY916 of 741 participants

Also declared: other welfare.

Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.

Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.

Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.

Plan brief

Schedule A lists 5 insured contracts covering health, vision, life and disability; the largest, with THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, covers 957 people.

The filing declares health, vision, life, disability and dental. Dental appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.

Reported premium across the insured contracts is $673,425, with $78,773 in disclosed broker commissions — about 12% of premium.

The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.

ASSUREDPARTNERS GREAT PLAINS, LLC is the broker of record on all 5 contracts.

Schedule A insurance contracts

CarrierBenefitsCoveredRenewsPremiumCommission
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYLife957Jan 1, 2026$326,417$32,642
FIDELITY SECURITY LIFE INSURANCE COMPANYVision1,343Jan 1, 2026$132,915$13,295
METROPOLITAN LIFE INSURANCE COMPANYHealth180Jan 1, 2026$65,493$13,170
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYDisability916Jan 1, 2026$100,277$10,028
METROPOLITAN LIFE INSURANCE COMPANYHealth235Jan 1, 2026$48,323$9,638

Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.

See the filing at the Department of Labor

Administrator and service providers

Plan administrator on the filing
PRECISION, INC.
EIN 42-1089098

The plan administrator is from line 3a of the main form. We publish company names only.

Reported to OSHA

Reported to OSHA for 2025: 1,020 employees, 57 recordable cases, 434 days away from work.

EmployeesThe company's own average for the year
1,020
Hours worked
2,118,585
Recordable cases
57
Days away from work
434
Establishments filed under this EIN
13

Source: OSHA Injury Tracking Application establishment data, 2025.

Other plans filed by this employer

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Renewal calendar

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