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 Communications 401k Plan is a benefit plan reported by Progressive Communications, Inc. under EIN 58-2431088 and plan number 001. The latest loaded filing year is 2023. The filing reports 258 participants and $7,410,155 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,410,155
- Net assets (EOY)
- $7,410,155
- Net assets (BOY)
- $5,989,192
Income & contributions
- Employer contributions
- $263,215
- Participant contributions
- $627,540
- Total contributions
- $890,755
- Total income / additions
- $1,930,854
Expenses & distributions
- Benefits paid
- $474,708
- Administrative expenses
- $35,183
- Total expenses
- $509,891
- Net increase / (decrease)
- $1,420,963