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 Machine & Design, LLC 401(K) Plan is a benefit plan reported by Progressive Machine & Design, LLC under EIN 16-1451739 and plan number 001. The latest loaded filing year is 2023. The filing reports 243 participants and $22,711,019 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,711,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,711,019
- Net assets (BOY)
- $20,343,208
Income & contributions
- Employer contributions
- $178,342
- Participant contributions
- $1,683,187
- Total contributions
- $1,886,007
- Total income / additions
- $4,954,403
Expenses & distributions
- Benefits paid
- $2,538,014
- Administrative expenses
- $48,578
- Total expenses
- $2,586,592
- Net increase / (decrease)
- $2,367,811