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173-004-659:PRECISION SPRING & STAMPING CORP

Site:PRESSCO SPRING & STAMPING CORP, Tax Year:2007

Business Information
Name of Business as Registered: PRECISION SPRING & STAMPING CORP
UBI Number used with Department of Employment Security
(if this number differs from Revenue's Tax Registration Number)
173004659
Total number of employees statewide (as reported to
Employment Security) on December 31, 2007
32
Employment Security Reference Number(s)
Check this box if you are a tooling manufacturer.
Check this box if you have no sites in Washington
Check this box if you have no business sites and no employees in Washington State.
How many manufacturing sites do you have in Washington that were supported by tax incentives during this calendar year?
0
Selected Incentives:
Aerospace Manufacturer
Manufacturing Site Details
Site Name:
PRESSCO SPRING & STAMPING CORP
Contact Name:
Address line 1
22617 85TH PL S
Address line 2
City
KENT
Zip
98031
State
WA
Email Address
Daytime phone
Fax
Activity begin date
9/1/1965
mm/dd/yyyy
Activity end date

mm/dd/yyyy
SECTION 1a - EMPLOYMENT INFORMATION
Percentage of activities reflected in this report supported by tax incentives: 93%
OCCUPATIONS/STANDARD OCCUPATION CODE 1
Total no. of employees in this occupation
2a
Minimum Wage - $10(%)
2b
$10.01 - $15(%)
2c
$15.01 - $20(%)
2d
$20.01 - $30(%)
2e
$30.01 & Over(%)
Management 2 0 0 0 100 0
Business, financial, and legal operations
Computer, mathematical, architecture, and engineering
Life, physical, and social science
Community and social services
Education, training, and library
Healthcare practitioners, technical, and support
Protective services, building, and grounds maintenance
Sales and service 2 0 0 50 50 0
Office and administrative support 7 0 43 14 43 0
Construction and extraction
Installation, maintenance, and repair
Production, non-construction trades, and craft 19 0 40 35 20 4
Transportation and material moving
Other (forest, fishery, agriculture, military, arts, entertainment, and media)


OCCUPATIONS/STANDARD OCCUPATION CODE 3a
Full-Time Employees(%)
3b
Part-Time Employees(%)
3c
Temporary Employees(%)
4
Medical Benefits % Eligible
5
Retirement Benefits % Eligible
Management 100 0 0 100 100
Business, financial, and legal operations
Computer, mathematical, architecture, and engineering
Life, physical, and social science
Community and social services
Education, training, and library
Healthcare practitioners, technical, and support
Protective services, building, and grounds maintenance
Sales and service 100 0 0 100 100
Office and administrative support 70 30 0 70 30
Construction and extraction
Installation, maintenance, and repair
Production, non-construction trades, and craft 100 0 0 100 100
Transportation and material moving
Other (forest, fishery, agriculture, military, arts, entertainment, and media)
SECTION 1b - TEMPORARY STAFFING

1. What is the total number of persons obtained through temporary staffing firms? 6

2. What are the top three occupational codes in which those workers were placed?

1. Production, non-construction trades, and craft (SOC 51-0000)

2.

3.

3. What is the average duration of temporary employees? 61 - 90 days

SECTION 2a - MEDICAL PLANS No Medical Plans Offered:



Description of Medical Plan (Fee for service, HMO, PPO, Taft-Hartley, etc.)
PPO
Eligible Enrolled Part Time Eligible Avg Premium Paid Avg Emp Contrib Dependents Addtl Premium
94% 72% 25% $ 290.00

Is service covered under plan? Co-Pay/Co-Insurance Amount of Co-Pay/Co-Insurance per Use Deductible Annual Deductible per Employee and Spouse/Dependents Other (explain)
Primary Care Provider Services
Yes
Yes $25.00
and/or
%
No TRUE 1ST 4 VISITS NOT SUBJECT TO DEDUCTIBLE, 1ST $500 & X-RAY/LAB NOT SUBJECT TO DEDUCTIBLE
Hospital Services
Yes
Yes $75.00
and/or
%
No TRUE ER WAIVED IF ADMITTED
Prescription Drug Benefit
Yes
Yes $10
and/or
%
No FALSE
SECTION 2b - DENTAL PLANS No Dental Plans Offered:


Description of Dental Plan (Fee for service, HMO, PPO, Taft-Hartley, ect.)
FEE FOR SERVICE, PPO
Eligible Enrolled Part-time Eligible Premium Paid
94% 72% 0%
Employer Monthly Rate Annual Maximum Benefit and/or Unlimited Benefit
$47.00 $1000.00
SECTION 3 - RETIREMENT BENEFITS No Retirement Plans Offered:


Name: 401(k) Plan
Description: A section 401(k) plan is a type of deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her wages to the plan on a pre-tax basis. The name of the Plan is derived from the section of the Internal Revenue Code which established it. The employee and the employer can contribute. However, an employer contribution is not required.
Eligible: 94%
Enrolled: 33%
Max Contribution: $15500 and/or %
Type:



Name: Cash Balance Pension
Description: A cash balance plan defines the promised benefit in terms of a stated account balance. Generally, an employer will credit the participant's account with a set percentage of their yearly compensation plus interest.
Eligible: %
Enrolled: %
Max Contribution: $ and/or %
Type:



Name: Defined Benefit
Description: Flat-Benefit: Flat dollar amount for years of service in the Plan
Career Average Benefit: Uses a percentage or average of employee pay over a period of employee participation in the Plan to determine benefit
Final-Pay Benefit: Uses a percentage or average of employee pay at the end of employee's career to determine benefit in the Plan
Eligible: %
Enrolled: %
Max Contribution: NA
Type:



Name: SEP IRA (Simplified Employee Pension Plan)
Description: A SEP is a Simplified Employee Pension plan. Under a SEP IRA, an employer makes contributions to traditional IRAs (SEP IRAs) set up for eligible employees. A SEP is funded solely by employer contributions, subject to certain percentage-of-pay and dollar limits.
Eligible: %
Enrolled: %
Max Contribution: $ and/or %
Type:



Name: SIMPLE (Savings Incentive Match Plan for Employees) IRA
Description: A SIMPLE IRA plan is an IRA-based plan that gives small employers a simplified method to make contributions toward their employees' retirement and their own retirement. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions and the employer makes matching or non-elective contributions. All contributions are made directly to an Individual Retirement Account or Individual Retirement Annuity (IRA) set up for each employee (a SIMPLE IRA).
Eligible: %
Enrolled: %
Max Contribution: $ and/or %
Type:



Name: SIMPLE 401(k) Plan
Description: A SIMPLE 401(k) Plan is a subset of the 401(k) plan. Under a SIMPLE 401(k) plan, an employee can elect to defer some compensation. However, unlike a regular 401(k) plan, the employer must make a matching contribution or non-elective contribution.
Eligible: %
Enrolled: %
Max Contribution: $ and/or %
Type:
SECTION 4 - ADDITIONAL QUESTIONS FOR ALUMINUM SMELTERS AND ELECTROLYTIC PROCESSING

For an aluminum smelter, what is the quantity of aluminum smelted at the manufacturing site during the calendar year covered by the report?

0 metric tons (MT = 2204.62 lbs).

For a chlor-alkali electrolytic processing business or sodium chlorate electrolytic processing business, what is the quantity of product produced at the manufacturing site during the calendar year covered by the report?

0 tons (2000 lbs).

For an aluminum smelter, chlor-alkali electrolytic processing business, or sodium chlorate electrolytic processing business:
What was your actual total employment at the manufacturing site for:

Q1 0

Q2 0

Q3 0

Q4 0

What is the number of employment positions affected or to be affected by any employment reductions that have been publicly announced during the sixty-day period preceding the date this report is submitted?

0

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