Progressive Rail Incorporated401(k)
PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN · LAKEVILLE, MN · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Progressive Rail Incorporated reported $12,025 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,094 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 1 year on file its reported administrative ratio fell from 0.34% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Minnesota (1,605th of 1,918), and 1,667th of 2,677 in transportation & warehousing. In 2023, employees put in $1.40 for every $1.00 the employer contributed.
Progressive Rail Incorporated's 2023 employer contribution ran above the $1,308 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 411830488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.