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PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan NamePROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN
Plan identification number 001

PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PROGRESSIVE TRANSPORTATION SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROGRESSIVE TRANSPORTATION SERVICES, INC.
Employer identification number (EIN):364206359
NAIC Classification:481000
NAIC Description: Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01ROBERT SMITH2021-07-26

Financial Data on PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN

Measure Date Value
2025 : PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-290
Total liabilities as of the end of the plan year2025-07-290
Total liabilities as of the beginning of the plan year2025-07-290
Total expenses incurred by plan in this plan year2025-07-2916205
Net assets as of the end of the plan year2025-07-291999592
Total assets as of the beginning of the plan year2025-07-291644114
Value of plan covered by a fidelity bond2025-07-29180000
Participant contributions to plan in this plan year2025-07-2967523
Other expenses paid from plan in this plan year2025-07-290
Other contributions to plan in this plan year2025-07-290
Other income to plan in this plan year2025-07-29268054
Plan net income in this plan year2025-07-29355478
Net assets as of the end of the plan year2025-07-291999592
Net assets as of the beginning of the plan year2025-07-291644114
Employer contributions to plan in this plan year2025-07-2936106
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2910443
2024 : PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-150
Total expenses incurred by plan in this plan year2024-08-1514270
Net assets as of the end of the plan year2024-08-151644114
Total assets as of the beginning of the plan year2024-08-151177083
Value of plan covered by a fidelity bond2024-08-15250000
Participant contributions to plan in this plan year2024-08-1574545
Other expenses paid from plan in this plan year2024-08-150
Other contributions to plan in this plan year2024-08-150
Other income to plan in this plan year2024-08-15270017
Plan net income in this plan year2024-08-15467031
Net assets as of the end of the plan year2024-08-151644114
Net assets as of the beginning of the plan year2024-08-151177083
Employer contributions to plan in this plan year2024-08-15136739
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-159004
2022 : PROGRESSIVE TRANSPORTATION SERVICES, INC. 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-207441
Net assets as of the end of the plan year2022-09-201163893
Total assets as of the beginning of the plan year2022-09-20838151
Value of plan covered by a fidelity bond2022-09-20250000
Participant contributions to plan in this plan year2022-09-2087061
Other income to plan in this plan year2022-09-20152151
Plan net income in this plan year2022-09-20325742
Net assets as of the end of the plan year2022-09-201163893
Net assets as of the beginning of the plan year2022-09-20838151
Employer contributions to plan in this plan year2022-09-2093971
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-207378

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