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  5. Precision, Inc.

Precision, Inc.

Company Details

Name: Precision, Inc.
Jurisdiction: Minnesota
Legal type: Business Corporation (Domestic)
Status: Active / In Good Standing
Date formed: 28 Jul 1964 (61 years ago)
Company Number: 2aa59abf-a7d4-e011-a886-001ec94ffe7f
File Number: 1G-66
Registered Office Address: 1700 Freeway Blvd., Brooklyn Center, MN 55430, USA
Principal Executive Office Address: 1700 FREEWAY BLVD, BROOKLYN CENTER, MN 55430–1740, USA
ZIP code: 55430
County: Hennepin County
Place of Formation: Minnesota

Commercial and government entity program

CAGE number Status Type Established CAGE Update Date CAGE Expiration SAM Expiration
28051 Active U.S./Canada Manufacturer 1974-10-25 2023-12-22 2028-12-22 2024-12-19

Contact Information
POC ERIC HALVORSON
Phone +1 763-561-6880
Fax +1 763-561-9050
Address 1700 FREEWAY BLVD, MINNEAPOLIS, MN, 55430 1740, UNITED STATES

Ownership of Offeror Information
Highest Level Owner Information not Available
Immediate Level Owner
Vendor Certified 2023-12-22
CAGE number U19H0
Company Name TT ELECTRONICS PLC
CAGE Last Updated 2021-12-14
List of Offerors (0) Information not Available

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PRECISION, INC. LIFE & LTD PLAN 2015 410880463 2016-10-14 PRECISION, INC. 126
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2003-03-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 115
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0

Signature of
Role Plan administrator
Date 2016-10-14
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. 401(K) SAVINGS & RETIREMENT PLAN 2015 410880463 2016-07-28 PRECISION, INC. 119
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1988-07-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 102
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 8
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 88

Signature of
Role Plan administrator
Date 2016-07-28
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. 401(K) SAVINGS & RETIREMENT PLAN 2014 410880463 2015-09-10 PRECISION, INC. 100
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1988-07-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 111
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 8
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 79

Signature of
Role Plan administrator
Date 2015-09-10
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. LIFE & LTD PLAN 2014 410880463 2015-09-25 PRECISION, INC. 110
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2003-03-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 126
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0

Signature of
Role Plan administrator
Date 2015-09-25
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. LIFE & LTD PLAN 2013 410880463 2014-07-25 PRECISION, INC. 109
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2003-03-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 110
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0

Signature of
Role Plan administrator
Date 2014-07-25
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. 401(K) SAVINGS & RETIREMENT PLAN 2013 410880463 2014-07-25 PRECISION, INC. 101
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1988-07-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 93
Retired or separated participants receiving benefits 7
Other retired or separated participants entitled to future benefits 0
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 64

Signature of
Role Plan administrator
Date 2014-07-25
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. LIFE & LTD PLAN 2012 410880463 2013-07-29 PRECISION, INC. 115
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2003-03-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 109

Signature of
Role Plan administrator
Date 2013-07-26
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-07-26
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. 401(K) SAVINGS & RETIREMENT PLAN 2012 410880463 2013-07-16 PRECISION, INC. 96
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1988-07-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Number of participants as of the end of the plan year
Active participants 99
Other retired or separated participants entitled to future benefits 2
Number of participants with account balances as of the end of the plan year 48

Signature of
Role Plan administrator
Date 2013-07-15
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-07-15
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. 401(K) SAVINGS & RETIREMENT PLAN 2011 410880463 2012-07-30 PRECISION, INC. 86
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1988-07-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Plan administrator’s name and address
Administrator’s EIN 410880463
Plan administrator’s name PRECISION, INC.
Plan administrator’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Administrator’s telephone number 7635616880

Number of participants as of the end of the plan year
Active participants 89
Other retired or separated participants entitled to future benefits 7
Number of participants with account balances as of the end of the plan year 47

Signature of
Role Plan administrator
Date 2012-07-30
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2012-07-30
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
PRECISION, INC. LIFE & LTD PLAN 2011 410880463 2012-07-30 PRECISION, INC. 105
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2003-03-01
Business code 335900
Sponsor’s telephone number 7635616880
Plan sponsor’s mailing address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Plan sponsor’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430

Plan administrator’s name and address
Administrator’s EIN 410880463
Plan administrator’s name PRECISION, INC.
Plan administrator’s address 1700 FREEWAY BOULEVARD, BROOKLYN CENTER, MN, 55430
Administrator’s telephone number 7635616880

Number of participants as of the end of the plan year
Active participants 115

Signature of
Role Plan administrator
Date 2012-07-30
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2012-07-30
Name of individual signing TODD SHAW
Valid signature Filed with authorized/valid electronic signature

Chief Executive Officer

Name Role Address
Eric W Halvorson Chief Executive Officer 1700 FREEWAY BLVD, BROOKLYN CENTER, MN 55430–1740, USA

Filing

Filing Name Filing date
Amendment - Business Corporation (Domestic)Change of Shares Restated Articles 2017-07-26
Registered Office and/or Agent - Business Corporation (Domestic) 2017-06-26
Annual Reinstatement - Business Corporation (Domestic) 2017-06-22
Administrative Dissolution - Business Corporation (Domestic) 1991-09-25
Original Filing - Business Corporation (Domestic) 1964-07-28
Business Corporation (Domestic) Business Name (Business Name: Precision, Inc.) 1964-07-28

OSHA's Inspections within Industry

Inspection Nr Report ID Date Opened Site Address
317461457 0552700 2014-01-07 1700 FREEWAY BLVD, MINNEAPOLIS, MN, 55430
Inspection Type Planned
Scope Complete
Safety/Health Safety
Close Conference 2014-01-07
Emphasis L: DI
Case Closed 2014-01-23

Violation Items
Citation ID 01001
Citaton Type Serious
Standard Cited 19100242 B
Issuance Date 2014-01-13
Abatement Due Date 2014-01-17
Current Penalty 420.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 1
315115527 0552700 2010-12-01 1800 FREEWAY BLVD, BROOKLYN CENTER, MN, 55430
Inspection Type Planned
Scope Complete
Safety/Health Safety
Close Conference 2010-12-01
Emphasis L: DI
Case Closed 2011-01-20

Violation Items
Citation ID 01001
Citaton Type Serious
Standard Cited 19100212 A03II
Issuance Date 2010-12-14
Abatement Due Date 2011-01-11
Current Penalty 600.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 1
Citation ID 01002
Citaton Type Serious
Standard Cited 19100219 C02I
Issuance Date 2010-12-14
Abatement Due Date 2011-01-11
Current Penalty 750.0
Initial Penalty 750.0
Nr Instances 2
Nr Exposed 1
Citation ID 01003
Citaton Type Serious
Standard Cited 19100219 I02
Issuance Date 2010-12-14
Abatement Due Date 2011-01-11
Current Penalty 900.0
Initial Penalty 900.0
Nr Instances 1
Nr Exposed 1
Citation ID 01004
Citaton Type Serious
Standard Cited 19100305 B01II
Issuance Date 2010-12-14
Abatement Due Date 2011-01-11
Current Penalty 750.0
Initial Penalty 750.0
Nr Instances 1
Nr Exposed 1
Citation ID 01005
Citaton Type Serious
Standard Cited 52050870
Issuance Date 2010-12-14
Abatement Due Date 2011-01-11
Current Penalty 600.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 1
311662613 0552700 2007-12-12 1800 FREEWAY BLVD, BROOKLYN CENTER, MN, 55430
Inspection Type Planned
Scope Complete
Safety/Health Safety
Close Conference 2007-12-12
Emphasis L: DI
Case Closed 2008-01-14

Violation Items
Citation ID 01001
Citaton Type Serious
Standard Cited 19100151 C
Issuance Date 2007-12-26
Abatement Due Date 2008-01-16
Current Penalty 420.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 1
Citation ID 01002
Citaton Type Serious
Standard Cited 19100212 A01
Issuance Date 2007-12-26
Abatement Due Date 2008-01-09
Current Penalty 315.0
Initial Penalty 450.0
Nr Instances 1
Nr Exposed 1
307140368 552700 2004-01-27 1800 FREEWAY BLVD, BROOKLYN CENTER, MN, 55430
Inspection Type Planned
Scope Complete
Safety/Health Safety
Close Conference 2004-01-28
Emphasis L: ES
Case Closed 2004-03-24

Violation Items
Citation ID 01001
Citaton Type Serious
Standard Cited 19100215 A04
Issuance Date 2004-03-01
Abatement Due Date 2004-03-04
Current Penalty 420.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 3
FTA Current Penalty 0.0
Citation ID 01002A
Citaton Type Serious
Standard Cited 19100215 C01
Issuance Date 2004-03-01
Abatement Due Date 2004-03-04
Current Penalty 420.0
Initial Penalty 600.0
Nr Instances 1
Nr Exposed 3
FTA Current Penalty 0.0
Citation ID 01002B
Citaton Type Serious
Standard Cited 19100215 C04 I
Issuance Date 2004-03-01
Abatement Due Date 2004-03-04
Current Penalty 0.0
Initial Penalty 0.0
Nr Instances 1
Nr Exposed 3
FTA Current Penalty 0.0

Related by officers

No related officers

Related by address

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Date of last update: 02 Jan 2025

Sources: Minnesota's Official State Website

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