Progressive Technologies, Inc — Form 5500 plan (Progressive Technologies, 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 Technologies, Inc is a benefit plan reported by Progressive Technologies, Inc under EIN 62-1255401 and plan number 001. The latest loaded filing year is 2023. The filing reports 323 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$0Plan net assets, end of year
Participants323Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$21K3 Schedule C provider row(s)$21,001
- Plan sponsor
- Progressive Technologies, Inc
- EIN
- 62-1255401
- Plan number
- 001
- Plan type
- 2
- Location
- Memphis, TN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 323 | H, C | 20240829134203NAL0024483184001 |
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.
Full reported line items
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $2,867,076
Income & contributions
- Employer contributions
- $143,917
- Participant contributions
- $457,294
- Total contributions
- $601,211
- Total income / additions
- $915,711
Expenses & distributions
- Benefits paid
- $367,231
- Administrative expenses
- $21,003
- Total expenses
- $412,541
- Net increase / (decrease)
- $503,170
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.
24%76%
Employer 24%Participant 76%
Benefits paid ÷ total income40%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fcg Investment Company | INVESTMENT/FINANCIAL ADVI | $14,107 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $6,894 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |