Plan Ledger DOL Form 5500 · updated monthly

Progressive Ae, Inc.401(k)

PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

Progressive Ae, Inc. reported $163,835 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 430th-largest of 2,619 plans among Michigan employers on file, and the 2,233rd of 11,654 in professional & technical services. active participation has grown from 248 to 344 since 2022.

Plan summary
Net assets, end of year$63,746,858
Participants with balances400
Active participants344
Employer contributions—
Employee contributions$3,407,530
Employer contribution per active participant—
Average account balance$159,367
Benefits paid to participants$4,167,022
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.7M · 400 accts
2023$54.2M · 333 accts
2022$39.6M · 304 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,586
Investment management$64,049
Audit (IQPA)$12,200
Total administrative$163,835
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$87,586
ROCKEFELLER CAPITAL MANAGEMENT · Investment advisory (plan)$64,049
PROGRESSIVE COMPANIES · Accounting / audit$12,200

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$163,835 · 0.28%
2023$126,193 · 0.27%
2022$106,887 · 0.29%
All plans at this employer2
PROGRESSIVE AE FLEXIBLE COMPENSATION PLAN401(k)
PROGRESSIVE AE EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Stefanini MI$69.7M · 0.20%
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Workforce Software, LLC MI$67.4M · 0.04%
Routeone, L.L.C. MI$63.5M · 0.03%
Service Express, LLC MI$61.7M · 0.44%
Vector North America, Inc. MI$60.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381752417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.