Plan Ledger DOL Form 5500 · updated monthly

Progressive Quality Care, Inc.401(k)

PROGRESSIVE QUALITY CARE, INC. 401(K) PLAN · LYNDHURST, OH · plan year 2024

Reported admin expense ratio · 2024
0.51%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Progressive Quality Care, Inc. reported $15,571 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $0 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 fell from 0.62% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Ohio (2,833rd of 3,295), and 730th of 945 in agriculture, forestry & fishing. active participation has shrunk from 176 to 139 since 2022.

Plan summary
Net assets, end of year$3,155,078
Participants with balances171
Active participants139
Employer contributions$0
Employee contributions$172,544
Employer contribution per active participant$0
Average account balance$18,451
Benefits paid to participants$368,850
Plan auditUnmodified (clean) audit opinion
AuditorMALONEY & NOVOTNY
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 171 accts
2023$3.0M · 182 accts
2022$2.5M · 174 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,315
Investment management$10,256
Total administrative$15,571
The Progressive Quality Care, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Progressive Quality Care, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.

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 · 20249
T. ROWE PRICE RPS, INC. · Recordkeeping · Trustee$5,315
LPL FINANCIAL · Investment management$10,256
JP MORGAN FUNDS · Investment managementindirect comp
AMERICAN FUNDS · Investment managementindirect comp
FIDELITY · Investment managementindirect comp
VANGUARD · Investment managementindirect comp
PRINCIPAL FUNDS · Investment managementindirect comp
GOLDMAN SACHS FUNDS · Investment managementindirect comp
BLACKROCK FUNDS · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,571 · 0.51%
2023$13,858 · 0.51%
2022$17,500 · 0.62%
Same employer
Similar plansAgriculture, Forestry & Fishing · Ohio
Wiers Farm, Inc. OH$7.2M · 0.63%
TH2 Connect LLC OH$5.8M · 0.02%
Aris Horticulture, Inc. OH$5.5M · 0.01%
The Cottage Gardens, Inc. OH$3.2M · 1.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311793765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.