Progressive Converting Inc 401(K) Plan — Form 5500 plan (Progressive Converting, Inc.)
Plain-English plan 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, Progressive Converting Inc 401(K) Plan is a benefit plan reported by Progressive Converting, Inc. under EIN 39-1747757 and plan number 001. The latest loaded filing year is 2023. The filing reports 534 participants and $17,066,945 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$17.1MPlan net assets, end of year$17,066,945
Participants534Covered participants reported
Assets / participant$32KComputed: assets ÷ participants$31,961 (computed)
Provider compensation$80.3K1 Schedule C provider row(s)$80,337
- Plan sponsor
- Progressive Converting, Inc.
- EIN
- 39-1747757
- Plan number
- 001
- Plan type
- 2
- Location
- Appleton, WI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 534 | H, C | 20240717070608NAL0006723744001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$17.1M total assets
Net assets$17.1MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $17,066,945
- Net assets (EOY)
- $17,066,945
- Net assets (BOY)
- $13,142,367
Income & contributions
- Employer contributions
- $452,536
- Participant contributions
- $1,136,053
- Total contributions
- $2,443,581
- Total income / additions
- $4,995,550
Expenses & distributions
- Benefits paid
- $975,544
- Administrative expenses
- $80,337
- Total expenses
- $1,070,972
- Net increase / (decrease)
- $3,924,578
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
28%72%
Employer 28%Participant 72%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income20%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Associated Trust Company, N.A. | NONE | $80,337 | $0 | 2023 |