Retirement plan

PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN

Name: PROGRESSIVE RAIL INCORPORATED - PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN (2019) Form 5500
Creator: PROGRESSIVE RAIL INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN, PROGRESSIVE RAIL INCORPORATED

PROGRESSIVE RAIL INCORPORATEDEIN 41-1830488Plan #003PY 2019

21778 HIGHVIEW AVENUE - LAKEVILLE, MN 55044952-985-7245progressiverail.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+23.6% from 2018

Total participants

150

-1.3% from 2018

Average account balance

$31,103

+23.6% from 2018

Annual return

24.19%

+29.73 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.88M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$61K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$496K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3992

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSSETTS MUTUAL LIFE INSURANC2 years Service code 49 · EIN 04-1590850	Other Services	$20,563
MIDWEST PENSION & PROFIT SHARING SE2 years Filed as: MIDWEST PENSION AND PROFIT SHG SVCS Service code 13	Contract Administrator	$4,334
AB FUNDS2 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
ALGER2 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN CENTURY2 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DELAWARE INVESTMENTS2 years Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$153 / participant

Investment mgmt$18K86.5%
Other / not subdivided$3K13.5%

% of EOY assets

0.642%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOYUM & BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,103

$47,922-35.1%

$75,900-59.0%

$65,186-52.3%

Participation rate

66.2%

63.0%+3.2pp

69.3%-3.1pp

70.2%-4.0pp

Annual return

24.19%

24.12%+0.1pp

30.73%-6.5pp

29.39%-5.2pp

Employer contribution / active EE

$1,638

$1,557+5.2%

$2,501-34.5%

$2,177-24.7%

Participant deferral / active EE

$2,523

$2,550-1.1%

$3,604-30.0%

$3,514-28.2%

Admin fee / account holder

$200

$532-62.5%

$5,421-96.3%

$847-76.4%

Provider

Service type

Compensation

MASSACHUSSETTS MUTUAL LIFE INSURANC2 years

Service code 49 · EIN 04-1590850

Other Services

$20,563

MIDWEST PENSION & PROFIT SHARING SE2 years

Filed as: MIDWEST PENSION AND PROFIT SHG SVCS

Service code 13

Contract Administrator

$4,334

AB FUNDS2 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

ALGER2 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN CENTURY2 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DELAWARE INVESTMENTS2 years

Service code 52 · EIN 23-2651520

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROGRESSIVE RAIL INCORPORATED EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion