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PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN 401k Plan overview

Plan NamePROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN
Plan identification number 001

PROGRESSIVE AUTO SALES AND LEASING LLC 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.
  • 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.
  • 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.

401k Sponsoring company profile

PROGRESSIVE AUTO SALES AND LEASING LLC has sponsored the creation of one or more 401k plans.

Company Name:PROGRESSIVE AUTO SALES AND LEASING LLC
Employer identification number (EIN):931677441
NAIC Classification:532100
NAIC Description: Automotive Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRIS HORNE2024-07-22

Plan Statistics for PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN

401k plan membership statisitcs for PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN

Measure Date Value
2025: PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-185
Total number of particpants at end of year2025-07-185
Number of Participants With Account Balances2025-07-185
2024: PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-225
Total number of particpants at end of year2024-07-225
Number of Participants With Account Balances2024-07-225

Financial Data on PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN

Measure Date Value
2025 : PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-180
Total expenses incurred by plan in this plan year2025-07-1862
Net assets as of the end of the plan year2025-07-1812007
Total assets as of the beginning of the plan year2025-07-1810788
Value of plan covered by a fidelity bond2025-07-1810000
Participant contributions to plan in this plan year2025-07-180
Value of participant loans at end of plan year2025-07-180
Other contributions to plan in this plan year2025-07-180
Other income to plan in this plan year2025-07-181281
Plan net income in this plan year2025-07-181219
Net assets as of the end of the plan year2025-07-1812007
Net assets as of the beginning of the plan year2025-07-1810788
Value of contributions failed to transmitted timely2025-07-180
Employer contributions to plan in this plan year2025-07-180
Fees paid to broker by Benefit Provider2025-07-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1862
2024 : PROGRESSIVE AUTO SALES AND LEASING LLC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-220
Total expenses incurred by plan in this plan year2024-07-224
Net assets as of the end of the plan year2024-07-2210788
Total assets as of the beginning of the plan year2024-07-220
Value of plan covered by a fidelity bond2024-07-2210000
Participant contributions to plan in this plan year2024-07-226254
Value of participant loans at end of plan year2024-07-220
Other contributions to plan in this plan year2024-07-220
Other income to plan in this plan year2024-07-22948
Plan net income in this plan year2024-07-2210788
Net assets as of the end of the plan year2024-07-2210788
Net assets as of the beginning of the plan year2024-07-220
Value of contributions failed to transmitted timely2024-07-224690
Employer contributions to plan in this plan year2024-07-223590
Fees paid to broker by Benefit Provider2024-07-220
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-224

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