2023 Form 5500 filing — Progressive Machine & Design, LLC 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241009133401NAL0019336961001) for Progressive Machine & Design, LLC 401(K) Plan, reported by Progressive Machine & Design, LLC under EIN 16-1451739 and plan number 001. It reports 243 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009133401NAL0019336961001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Progressive Machine & Design, LLC
- EIN
- 16-1451739
- Plan number
- 001
- Location
- Victor, NY
- Participants
- 243
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $22,711,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,711,019
- Employer contributions
- $178,342
- Participant contributions
- $1,683,187
- Total income / additions
- $4,954,403
- Benefits paid
- $2,538,014
- Administrative expenses
- $48,578
- Total expenses
- $2,586,592
- Net increase / (decrease)
- $2,367,811
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Waterford Group LLC | ADVISOR | $25,000 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $23,578 | $0 |