2023 Form 5500 filing — Progress Software Corporation 401(K) 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 20241011144616NAL0012620819001) for Progress Software Corporation 401(K) Plan, reported by Progress Software Corporation under EIN 04-2746201 and plan number 002. It reports 1,604 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011144616NAL0012620819001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Progress Software Corporation
- EIN
- 04-2746201
- Plan number
- 002
- Location
- Bedford, MA
- Participants
- 1,604
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $353,825,419
- Total liabilities (EOY)
- $13
- Net assets (EOY)
- $353,825,406
- Employer contributions
- $3,956,850
- Participant contributions
- $13,274,852
- Total income / additions
- $98,018,120
- Benefits paid
- $27,292,593
- Administrative expenses
- -$285,237
- Total expenses
- $27,004,706
- Net increase / (decrease)
- $71,013,414
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $81,334 | not reported in the loaded dataset |
| Capfinancial Partners, LLC. | CONSULTANT | $65,000 | not reported in the loaded dataset |
| Stowe And Degon | ACCOUNTING | $25,900 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$457,471 | $0 |