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
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    323 participants · 2Sch HSch C
    View filing →
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.

Money in vs. money out
Total income / additions$915.7K
Total expenses$412.5K
Benefits paid / distributions$367.2K
Contributions
Employer$143.9K
Participant$457.3K
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.

Contribution share (employer vs. participant)
Employer 24%Participant 76%
Benefits paid ÷ total income40%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    INVESTMENT/FINANCIAL ADVI · Direct $14.1K · Indirect $0
  2. 2
    RECORD KEEPER · Direct $6.9K · Indirect $0
  3. 3
    RECORD KEEPER · Direct $0 · Indirect $0

Related Form 5500 pages