2023 Form 5500 filing — Progressive Rail Incorporated Employee Savings 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 20241011114607NAL0010877571001) for Progressive Rail Incorporated Employee Savings Plan, reported by Progressive Rail Incorporated under EIN 41-1830488 and plan number 003. It reports 134 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011114607NAL0010877571001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Progressive Rail Incorporated
- EIN
- 41-1830488
- Plan number
- 003
- Location
- Lakeville, MN
- Participants
- 134
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,845,015
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,845,015
- Employer contributions
- $207,340
- Participant contributions
- $290,486
- Total income / additions
- $1,211,959
- Benefits paid
- $486,801
- Administrative expenses
- $12,025
- Total expenses
- $498,826
- Net increase / (decrease)
- $713,133
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $13,344 | $0 |
| Midwest Pension & Profit | CONTRACT ADMIN | $10,635 | $1,651 |
| Dwc Erisa Consultants LLC | CONTRACT ADMIN | -$499 | $767 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $10 | not reported in the loaded dataset |