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PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NamePROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN
Plan identification number 333

PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 EMPLOYER MANAGEMENT COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC.
Employer identification number (EIN):651060160
NAIC Classification:561300

Additional information about PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2000-12-11
Company Identification Number: P00000114631
Legal Registered Office Address: 1200 S PINE ISLAND RD

PLANTATION

33324

More information about PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3332021-01-01ASHLEY WALKER2021-11-04
3332020-01-01
3332019-01-01
3332018-01-01
3332018-01-01
3332014-01-01PETER GRABOWSKI
3332014-01-01PETER GRABOWSKI
3332013-01-01ROBERT FLORKA
3332012-01-01ROBERT FLORKA

Plan Statistics for PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2020: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01215
Total number of active participants reported on line 7a of the Form 55002020-01-0122
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0130
Number of participants with account balances2020-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01357
Total number of active participants reported on line 7a of the Form 55002019-01-0149
Number of retired or separated participants receiving benefits2019-01-015
Number of other retired or separated participants entitled to future benefits2019-01-01160
Total of all active and inactive participants2019-01-01214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01215
Number of participants with account balances2019-01-01215
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012,019
Total number of active participants reported on line 7a of the Form 55002018-01-01136
Number of retired or separated participants receiving benefits2018-01-015
Number of other retired or separated participants entitled to future benefits2018-01-01208
Total of all active and inactive participants2018-01-01349
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01350
Number of participants with account balances2018-01-01350
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2014: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013,056
Total number of active participants reported on line 7a of the Form 55002014-01-012,243
Number of retired or separated participants receiving benefits2014-01-015
Number of other retired or separated participants entitled to future benefits2014-01-01182
Total of all active and inactive participants2014-01-012,430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-012,432
Number of participants with account balances2014-01-011,458
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-018
2013: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-014,705
Total number of active participants reported on line 7a of the Form 55002013-01-012,189
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01184
Total of all active and inactive participants2013-01-012,373
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-012,374
Number of participants with account balances2013-01-011,627
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,614
Total number of active participants reported on line 7a of the Form 55002012-01-014,525
Number of retired or separated participants receiving benefits2012-01-0120
Number of other retired or separated participants entitled to future benefits2012-01-01159
Total of all active and inactive participants2012-01-014,704
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-014,705
Number of participants with account balances2012-01-011,691

Financial Data on PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2020 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$294,010
Total of all expenses incurred2020-12-31$3,747,114
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,674,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$4,797
Value of total assets at end of year2020-12-31$96,299
Value of total assets at beginning of year2020-12-31$3,549,403
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$72,227
Total interest from all sources2020-12-31$1,862
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$4,197
Participant contributions at beginning of year2020-12-31$3,208
Assets. Other investments not covered elsewhere at end of year2020-12-31$11,072
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$10,912
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$47
Other income not declared elsewhere2020-12-31$151
Administrative expenses (other) incurred2020-12-31$39,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-3,453,104
Value of net assets at end of year (total assets less liabilities)2020-12-31$96,299
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,549,403
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$33,176
Value of interest in pooled separate accounts at end of year2020-12-31$84,606
Value of interest in pooled separate accounts at beginning of year2020-12-31$3,346,405
Interest on participant loans2020-12-31$103
Interest earned on other investments2020-12-31$1,759
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$621
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$188,831
Net investment gain/loss from pooled separate accounts2020-12-31$287,200
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$600
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,674,887
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31MAYER HOFFMAN MCCAN PC
Accountancy firm EIN2020-12-31431947695
2019 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$570,324
Total income from all sources (including contributions)2019-12-31$570,324
Total of all expenses incurred2019-12-31$78,959
Total of all expenses incurred2019-12-31$78,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$36,107
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$36,107
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$14,613
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$14,613
Value of total assets at end of year2019-12-31$3,549,403
Value of total assets at end of year2019-12-31$3,549,403
Value of total assets at beginning of year2019-12-31$3,058,038
Value of total assets at beginning of year2019-12-31$3,058,038
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$42,852
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$42,852
Total interest from all sources2019-12-31$2,172
Total interest from all sources2019-12-31$2,172
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$12,220
Contributions received from participants2019-12-31$12,220
Participant contributions at end of year2019-12-31$3,208
Participant contributions at end of year2019-12-31$3,208
Participant contributions at beginning of year2019-12-31$2,104
Participant contributions at beginning of year2019-12-31$2,104
Assets. Other investments not covered elsewhere at end of year2019-12-31$10,912
Assets. Other investments not covered elsewhere at end of year2019-12-31$10,912
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$10,912
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$10,912
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$47
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$47
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$35
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$35
Administrative expenses (other) incurred2019-12-31$42,116
Administrative expenses (other) incurred2019-12-31$42,116
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$491,365
Value of net income/loss2019-12-31$491,365
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,549,403
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,549,403
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,058,038
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,058,038
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$736
Investment advisory and management fees2019-12-31$736
Value of interest in pooled separate accounts at end of year2019-12-31$3,346,405
Value of interest in pooled separate accounts at end of year2019-12-31$3,346,405
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,848,050
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,848,050
Interest on participant loans2019-12-31$37
Interest on participant loans2019-12-31$37
Interest earned on other investments2019-12-31$2,135
Interest earned on other investments2019-12-31$2,135
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$188,831
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$188,831
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$196,937
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$196,937
Net investment gain/loss from pooled separate accounts2019-12-31$553,539
Net investment gain/loss from pooled separate accounts2019-12-31$553,539
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$2,393
Contributions received in cash from employer2019-12-31$2,393
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$36,107
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$36,107
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MAYER HOFFMAN MCCAN PC
Accountancy firm name2019-12-31MAYER HOFFMAN MCCAN PC
Accountancy firm EIN2019-12-31431947695
Accountancy firm EIN2019-12-31431947695
2018 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2018 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2014 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$1,926,358
Total transfer of assets from this plan2014-12-31$6,106,938
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$6,837
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$4,112
Total income from all sources (including contributions)2014-12-31$8,418,354
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$6,543,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$6,028,175
Value of total corrective distributions2014-12-31$74,991
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$4,993,180
Value of total assets at end of year2014-12-31$54,756,838
Value of total assets at beginning of year2014-12-31$57,060,011
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$440,506
Total interest from all sources2014-12-31$62,101
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$947,173
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$947,173
Administrative expenses professional fees incurred2014-12-31$67,476
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$3,502,901
Participant contributions at end of year2014-12-31$1,446,353
Participant contributions at beginning of year2014-12-31$1,636,552
Participant contributions at end of year2014-12-31$129,206
Participant contributions at beginning of year2014-12-31$131,599
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$127,105
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$6,837
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$4,112
Administrative expenses (other) incurred2014-12-31$2,424
Total non interest bearing cash at end of year2014-12-31$120,665
Total non interest bearing cash at beginning of year2014-12-31$141,947
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,874,682
Value of net assets at end of year (total assets less liabilities)2014-12-31$54,750,001
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$57,055,899
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$48,476
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$50,215,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$49,809,311
Interest on participant loans2014-12-31$62,101
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,552,761
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$4,981,453
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$4,981,453
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,415,900
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,363,174
Employer contributions (assets) at end of year2014-12-31$291,891
Employer contributions (assets) at beginning of year2014-12-31$359,149
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$6,028,175
Contract administrator fees2014-12-31$322,130
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2014-12-31431947695
2013 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$1,062,960
Total transfer of assets from this plan2013-12-31$9,081,048
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$4,112
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,582
Total income from all sources (including contributions)2013-12-31$14,657,170
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$8,380,897
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$7,759,145
Value of total corrective distributions2013-12-31$94,758
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$6,377,352
Value of total assets at end of year2013-12-31$57,060,011
Value of total assets at beginning of year2013-12-31$58,800,296
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$526,994
Total interest from all sources2013-12-31$67,120
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,322,090
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,322,090
Administrative expenses professional fees incurred2013-12-31$2,170
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$4,259,048
Participant contributions at end of year2013-12-31$1,636,552
Participant contributions at beginning of year2013-12-31$1,838,160
Participant contributions at end of year2013-12-31$131,599
Participant contributions at beginning of year2013-12-31$208,640
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$411,056
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$4,112
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$2,582
Administrative expenses (other) incurred2013-12-31$77,740
Total non interest bearing cash at end of year2013-12-31$141,947
Total non interest bearing cash at beginning of year2013-12-31$148,302
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$6,276,273
Value of net assets at end of year (total assets less liabilities)2013-12-31$57,055,899
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$58,797,714
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$104,586
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$49,809,311
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$49,924,886
Interest on participant loans2013-12-31$66,424
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$4,981,453
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$6,493,442
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$6,493,442
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$696
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$6,890,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,707,248
Employer contributions (assets) at end of year2013-12-31$359,149
Employer contributions (assets) at beginning of year2013-12-31$186,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$7,759,145
Contract administrator fees2013-12-31$342,498
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2013-12-31431947695
2012 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$44,061,601
Total transfer of assets from this plan2012-12-31$2,199,221
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$2,582
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$3,846
Total income from all sources (including contributions)2012-12-31$5,284,672
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$4,272,179
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,901,069
Value of total corrective distributions2012-12-31$54,230
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,254,943
Value of total assets at end of year2012-12-31$58,800,296
Value of total assets at beginning of year2012-12-31$15,926,687
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$316,880
Total interest from all sources2012-12-31$39,391
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,396,664
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$1,396,664
Administrative expenses professional fees incurred2012-12-31$14,606
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$2,260,288
Participant contributions at end of year2012-12-31$1,838,160
Participant contributions at beginning of year2012-12-31$756,834
Participant contributions at end of year2012-12-31$208,640
Participant contributions at beginning of year2012-12-31$24,775
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$140,047
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$2,582
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$3,846
Administrative expenses (other) incurred2012-12-31$26,000
Total non interest bearing cash at end of year2012-12-31$148,302
Total non interest bearing cash at beginning of year2012-12-31$37,941
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,012,493
Value of net assets at end of year (total assets less liabilities)2012-12-31$58,797,714
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$15,922,841
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$76,938
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$49,924,886
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$13,222,011
Interest on participant loans2012-12-31$38,675
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$6,493,442
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,871,035
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,871,035
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$716
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$593,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$854,608
Employer contributions (assets) at end of year2012-12-31$186,866
Employer contributions (assets) at beginning of year2012-12-31$14,091
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,901,069
Contract administrator fees2012-12-31$199,336
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31LEONARD MARSOCCI, CPA, PA
Accountancy firm EIN2012-12-31592852299

Form 5500 Responses for PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN

2020: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2014: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entityMulitple employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entityMulitple employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entityMulitple employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932414
Policy instance 1
Insurance contract or identification number932414
Number of Individuals Covered30
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $474
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $474
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932414
Policy instance 1
Insurance contract or identification number932414
Number of Individuals Covered215
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1,455
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,455
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932414
Policy instance 1
Insurance contract or identification number932414
Number of Individuals Covered350
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $21,091
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,091
Insurance broker organization code?3

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