Progress Unlimited, Inc.401(k)
PROGRESS UNLIMITED INC. 401(K) PROFIT SHARING PLAN AND TRUST · OWINGS MILLS, MD · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Progress Unlimited, Inc. reported $26,088 in plan administrative expenses for 2022: 0.75% of average plan assets, above the peer median. Employer contributions averaged $2,274 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.47% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,378th of 1,671), and 8,765th of 11,911 in health care & social assistance. In 2022, the employer put in $2.54 for every $1.00 employees contributed themselves.
Progress Unlimited, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 521309011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.