401k Plan data: PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN plan

PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN 401k Plan overview

Plan Name	PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN
Plan identification number	001

PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PROGRESSIVE AUTOMATIONS USA INC has sponsored the creation of one or more 401k plans.

Company Name: PROGRESSIVE AUTOMATIONS USA INC

Employer identification number (EIN): 990380732

NAIC Classification: 335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 ALLISON BRECHER 2023-10-24
001 2022-01-01 ALLISON BRECHER 2023-09-28
001 2021-01-01 ALLISON BRECHER 2022-10-11
001 2020-01-01 ALLISON BRECHER 2021-10-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	ALLISON BRECHER	2023-10-24
001	2022-01-01	ALLISON BRECHER	2023-09-28
001	2021-01-01	ALLISON BRECHER	2022-10-11
001	2020-01-01	ALLISON BRECHER	2021-10-08

Plan Statistics for PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN

401k plan membership statisitcs for PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN

Measure Date Value
2022: PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year 2022-10-11 3
Total number of particpants at end of year 2022-10-11 2
Number of Participants With Account Balances 2022-10-11 2

Measure	Date	Value
2022: PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year	2022-10-11	3
Total number of particpants at end of year	2022-10-11	2
Number of Participants With Account Balances	2022-10-11	2

Financial Data on PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN

Measure	Date	Value
2022 : PROGRESSIVE AUTOMATIONS USA INC 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-10-11	104
Net assets as of the end of the plan year	2022-10-11	7309
Total assets as of the beginning of the plan year	2022-10-11	1261
Value of plan covered by a fidelity bond	2022-10-11	0
Participant contributions to plan in this plan year	2022-10-11	2737
Value of participant loans at end of plan year	2022-10-11	0
Other expenses paid from plan in this plan year	2022-10-11	0
Other contributions to plan in this plan year	2022-10-11	0
Other income to plan in this plan year	2022-10-11	604
Plan net income in this plan year	2022-10-11	6048
Net assets as of the end of the plan year	2022-10-11	7309
Net assets as of the beginning of the plan year	2022-10-11	1261
Employer contributions to plan in this plan year	2022-10-11	2811
Expensese paid to adminstrative service provicers from plan in this plan year	2022-10-11	104

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Company Name:	PROGRESSIVE AUTOMATIONS USA INC
Employer identification number (EIN):	990380732
NAIC Classification:	335900