Retirement plan

PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. 401(K) PLAN AND TRUST

Name: PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. - PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. 401(K) PLAN AND TRUST (2024) Form 5500
Creator: PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. 401(K) PLAN AND TRUST, PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C.

PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C.EIN 72-1197212Plan #001PY 2024

P.O. BOX 1438 - OPELOUSAS, LA 70571337-942-5689LinkedIn1-10 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$20.5M

+23.2% from 2023

Total participants

544

+23.6% from 2023

Average account balance

$55,210

+4.3% from 2023

Annual return

13.64%

-5.12 pp from 2023

Benchmarks

See 680 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort680 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.48M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

371

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.

64.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.74M

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SECOND LINE CAPITAL LLC2 years Filed as: SECOND LINE CAPITAL Service code 22 · EIN 72-1108038 2800 VETERANS MEMORIAL · METARIE, LA 70002	Insurance Broker	$55,976
NATIONWIDE5 years Service code 22 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Insurance Broker	$23,166

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$82K

$169 / participant

Investment mgmt$82K100.0%

% of EOY assets

0.402%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KOLDER, SLAVEN & COMPANY
Auditor EIN: 721369868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,210

$55,441-0.4%

$76,002-27.4%

$77,671-28.9%

Participation rate

64.5%

63.6%+0.9pp

69.1%-4.5pp

70.6%-6.0pp

Annual return

13.64%

17.08%-3.4pp

360.07%-346.4pp

31.21%-17.6pp

Employer contribution / active EE

$2,199

$1,789+22.9%

$2,688-18.2%

$2,726-19.3%

Participant deferral / active EE

$3,415

$3,451-1.0%

$4,257-19.8%

$4,648-26.5%

Admin fee / account holder

$222

$407-45.4%

$6,414-96.5%

$430-48.4%

Provider

Service type

Compensation

SECOND LINE CAPITAL LLC2 years

Filed as: SECOND LINE CAPITAL

Service code 22 · EIN 72-1108038

2800 VETERANS MEMORIAL · METARIE, LA 70002

Insurance Broker

$55,976

NATIONWIDE5 years

Service code 22

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Insurance Broker

$23,166

PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROGRESSIVE TRACTOR & IMPLEMENT CO., L.L.C. 401(K) PLAN AND TRUST

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