Thrift Plan For Employees Of Progress Industries — Form 5500 plan (Progress Industries)
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, Thrift Plan For Employees Of Progress Industries is a benefit plan reported by Progress Industries under EIN 42-1122161 and plan number 002. The latest loaded filing year is 2023. The filing reports 237 participants and $9,700,782 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Progress Industries
- EIN
- 42-1122161
- Plan number
- 002
- Plan type
- 2
- Location
- Newton, IA
- Latest filing year
- 2023
- Participants
- 237
- End-of-year plan assets
- $9,700,782
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 237 | H, C | 20250221111409NAL0006043537001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,700,782
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,700,782
- Net assets (BOY)
- $9,616,422
Income & contributions
- Employer contributions
- $211,503
- Participant contributions
- $267,980
- Total contributions
- $482,149
- Total income / additions
- $1,588,138
Expenses & distributions
- Benefits paid
- $1,451,958
- Administrative expenses
- $51,788
- Total expenses
- $1,503,778
- Net increase / (decrease)
- $84,360
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $51,788 | $0 | 2023 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $20,619 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |