Progressive Rail Incorporated Employee Savings Plan — Form 5500 plan (Progressive Rail Incorporated)
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 Rail Incorporated Employee Savings Plan is a benefit plan reported by Progressive Rail Incorporated under EIN 41-1830488 and plan number 003. The latest loaded filing year is 2023. The filing reports 134 participants and $4,845,015 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Progressive Rail Incorporated
- EIN
- 41-1830488
- Plan number
- 003
- Plan type
- 2
- Location
- Lakeville, MN
- Latest filing year
- 2023
- Participants
- 134
- End-of-year plan assets
- $4,845,015
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 134 | H, C | 20241011114607NAL0010877571001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,845,015
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,845,015
- Net assets (BOY)
- $4,131,882
Income & contributions
- Employer contributions
- $207,340
- Participant contributions
- $290,486
- Total contributions
- $497,826
- Total income / additions
- $1,211,959
Expenses & distributions
- Benefits paid
- $486,801
- Administrative expenses
- $12,025
- Total expenses
- $498,826
- Net increase / (decrease)
- $713,133
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $13,344 | $0 | 2023 |
| Midwest Pension & Profit | CONTRACT ADMIN | $10,635 | $1,651 | 2023 |
| Dwc Erisa Consultants LLC | CONTRACT ADMIN | -$499 | $767 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $10 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Progressive Rail Incorporated
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Lakeville, MN
- Empower Annuity Insurance Company — Schedule C compensation
- Midwest Pension & Profit — Schedule C compensation
- Dwc Erisa Consultants LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation