Progress Software Corporation 401(K) Plan — Form 5500 plan (Progress Software Corporation)
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, Progress Software Corporation 401(K) Plan is a benefit plan reported by Progress Software Corporation under EIN 04-2746201 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,604 participants and $353,825,419 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Progress Software Corporation
- EIN
- 04-2746201
- Plan number
- 002
- Plan type
- 2
- Location
- Bedford, MA
- Latest filing year
- 2023
- Participants
- 1,604
- End-of-year plan assets
- $353,825,419
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,604 | H, C | 20241011144616NAL0012620819001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $353,825,419
- Total liabilities (EOY)
- $13
- Net assets (EOY)
- $353,825,406
- Net assets (BOY)
- $282,811,992
Income & contributions
- Employer contributions
- $3,956,850
- Participant contributions
- $13,274,852
- Total contributions
- $32,950,033
- Total income / additions
- $98,018,120
Expenses & distributions
- Benefits paid
- $27,292,593
- Administrative expenses
- -$285,237
- Total expenses
- $27,004,706
- Net increase / (decrease)
- $71,013,414
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $81,334 | not reported in the loaded dataset | 2023 |
| Capfinancial Partners, LLC. | CONSULTANT | $65,000 | not reported in the loaded dataset | 2023 |
| Stowe And Degon | ACCOUNTING | $25,900 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$457,471 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Progress Software Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Bedford, MA
- Strategic Advisors, Inc. — Schedule C compensation
- Capfinancial Partners, LLC. — Schedule C compensation
- Stowe And Degon — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation