Plan Ledger DOL Form 5500 · updated monthly

Progress USA, Inc.401(k)

PROGRESS USA, INC 401(K) PLAN · RALEIGH, NC · plan year 2022

Reported admin expense ratio · 2022
0.46%

Progress USA, Inc. reported $5,478 in plan administrative expenses for 2022: 0.46% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,865th of 2,005), and 11,188th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$1,169,481
Participants with balances57
Active participants130
Employer contributions—
Employee contributions$199,430
Employer contribution per active participant—
Average account balance$20,517
Benefits paid to participants$30,751
Plan auditUnmodified (clean) audit opinion
AuditorBATCHELOR, TILLERY & ROBERTS, LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,478
Total administrative$5,478
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,478 · 0.46%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Tabner, Inc. NC$1.5M · 1.09%
Advanced Plastiform, Inc. NC$1.3M · 1.22%
Millennia NC$1.1M · 0.05%
Tosaf Usa,Inc. NC$1.0M · 0.12%
Bobbees Bottling, Inc. NC$954K · 1.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010682657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.