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PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 401k Plan overview

Plan NamePROGRESSIVE ELECTRIC SALARY SAVINGS PLAN
Plan identification number 002

PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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 HOLDINGS, INC. DBA PROGRESSIVE ELECTRIC has sponsored the creation of one or more 401k plans.

Company Name:PROGRESSIVE HOLDINGS, INC. DBA PROGRESSIVE ELECTRIC
Employer identification number (EIN):204021010
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01MICHAEL KLOCKENGA2017-04-10
0022015-01-01MICHAEL KLOCKENGA2016-05-10
0022014-01-01MICHAEL KLOCKENGA2015-03-10
0022013-01-01MICHAEL KLOCKENGA2014-05-05
0022012-01-01TAMARA SCHOCH
0022011-01-01MICHAEL KLOCKENGA
0022010-01-01MICHAEL KLOCKENGA
0022009-01-01MICHAEL KLOCKENGA

Plan Statistics for PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN

401k plan membership statisitcs for PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN

Measure Date Value
2012: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0121
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0110
Total of all active and inactive participants2012-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0131
Number of participants with account balances2012-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0134
Total number of active participants reported on line 7a of the Form 55002011-01-0118
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0111
Total of all active and inactive participants2011-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0129
Number of participants with account balances2011-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0130
Total number of active participants reported on line 7a of the Form 55002010-01-0119
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0112
Total of all active and inactive participants2010-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0131
Number of participants with account balances2010-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0134
Total number of active participants reported on line 7a of the Form 55002009-01-0124
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0131
Number of participants with account balances2009-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN

Measure Date Value
2012 : PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$104,130
Expenses. Total of all expenses incurred2012-12-31$94,217
Benefits paid (including direct rollovers)2012-12-31$87,665
Total plan assets at end of year2012-12-31$370,625
Total plan assets at beginning of year2012-12-31$360,712
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$40,541
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$46,481
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$9,913
Net plan assets at end of year (total assets less liabilities)2012-12-31$370,625
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$360,712
Total contributions received or receivable from employer(s)2012-12-31$17,108
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$6,552
2011 : PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$35,228
Expenses. Total of all expenses incurred2011-12-31$119,156
Benefits paid (including direct rollovers)2011-12-31$112,004
Total plan assets at end of year2011-12-31$360,712
Total plan assets at beginning of year2011-12-31$444,640
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$40,231
Expenses. Other expenses not covered elsewhere2011-12-31$7,152
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-21,998
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-83,928
Net plan assets at end of year (total assets less liabilities)2011-12-31$360,712
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$444,640
Total contributions received or receivable from employer(s)2011-12-31$16,995
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$142,915
Expenses. Total of all expenses incurred2010-12-31$37,915
Benefits paid (including direct rollovers)2010-12-31$30,267
Total plan assets at end of year2010-12-31$444,640
Total plan assets at beginning of year2010-12-31$339,640
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$50,574
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$9,901
Other income received2010-12-31$58,452
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$105,000
Net plan assets at end of year (total assets less liabilities)2010-12-31$444,640
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$339,640
Total contributions received or receivable from employer(s)2010-12-31$23,988
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$7,648

Form 5500 Responses for PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN

2012: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle 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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PROGRESSIVE ELECTRIC SALARY SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65675 )
Policy contract numberGP64172
Policy instance 1
Insurance contract or identification numberGP64172
Number of Individuals Covered24
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $702
Total amount of fees paid to insurance companyUSD $776
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $702
Amount paid for insurance broker fees26
Additional information about fees paid to insurance brokerNON MONETARY COMPENSATION TO REP
Insurance broker organization code?4
Insurance broker namePERITUS BENEFITS AND INVESTMENTS IN
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65675 )
Policy contract numberGP64172
Policy instance 1
Insurance contract or identification numberGP64172
Number of Individuals Covered24
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $954
Total amount of fees paid to insurance companyUSD $1,044
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65675 )
Policy contract numberGP64172
Policy instance 1
Insurance contract or identification numberGP64172
Number of Individuals Covered24
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $945
Total amount of fees paid to insurance companyUSD $1,020
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $945
Amount paid for insurance broker fees20
Additional information about fees paid to insurance brokerNON MONETARY COMPENSATION
Insurance broker organization code?4
Insurance broker namePERITUS BENEFITS AND INVESTMENTS IN

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