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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 331

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
3312017-01-01PETER GRABOWSKI
3312016-01-01PETER GRABOWSKI
3312015-01-01PETER GRABOWSKI
3312011-01-01MICHAEL DRIS

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
2017: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-012,948
Total number of active participants reported on line 7a of the Form 55002017-01-011,367
Number of retired or separated participants receiving benefits2017-01-016
Number of other retired or separated participants entitled to future benefits2017-01-01645
Total of all active and inactive participants2017-01-012,018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-012,019
Number of participants with account balances2017-01-012,019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0150
2016: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-012,802
Total number of active participants reported on line 7a of the Form 55002016-01-012,521
Number of other retired or separated participants entitled to future benefits2016-01-01427
Total of all active and inactive participants2016-01-012,948
Total participants2016-01-012,948
Number of participants with account balances2016-01-011,680
2015: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-012,763
Total number of active participants reported on line 7a of the Form 55002015-01-012,368
Number of retired or separated participants receiving benefits2015-01-015
Number of other retired or separated participants entitled to future benefits2015-01-01341
Total of all active and inactive participants2015-01-012,714
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-012
Total participants2015-01-012,716
Number of participants with account balances2015-01-011,434
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0153
2011: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,785
Total number of active participants reported on line 7a of the Form 55002011-01-011,567
Number of retired or separated participants receiving benefits2011-01-016
Number of other retired or separated participants entitled to future benefits2011-01-01104
Total of all active and inactive participants2011-01-011,677
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-011,677
Number of participants with account balances2011-01-01635
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0111

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

Measure Date Value
2017 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$9,760,061
Total transfer of assets from this plan2017-12-31$5,446,735
Total income from all sources (including contributions)2017-12-31$16,008,906
Total of all expenses incurred2017-12-31$3,752,394
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,496,110
Expenses. Certain deemed distributions of participant loans2017-12-31$72,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$8,013,960
Value of total assets at end of year2017-12-31$66,450,134
Value of total assets at beginning of year2017-12-31$49,880,296
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$183,626
Total interest from all sources2017-12-31$66,194
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-31$0
Administrative expenses professional fees incurred2017-12-31$13,157
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$5,771,711
Participant contributions at end of year2017-12-31$1,130,203
Participant contributions at beginning of year2017-12-31$1,012,364
Assets. Other investments not covered elsewhere at end of year2017-12-31$1,378,204
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$1,711,028
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$311,450
Other income not declared elsewhere2017-12-31$260,507
Administrative expenses (other) incurred2017-12-31$159,235
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$12,256,512
Value of net assets at end of year (total assets less liabilities)2017-12-31$66,450,134
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$49,880,296
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$11,234
Value of interest in pooled separate accounts at end of year2017-12-31$60,950,887
Value of interest in pooled separate accounts at beginning of year2017-12-31$44,870,838
Interest on participant loans2017-12-31$45,434
Interest earned on other investments2017-12-31$20,760
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$2,990,840
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$2,286,066
Net investment gain/loss from pooled separate accounts2017-12-31$7,668,245
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,930,799
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,496,110
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2017-12-31431947695
2016 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$4,675,267
Total transfer of assets from this plan2016-12-31$8,088,452
Total income from all sources (including contributions)2016-12-31$10,819,096
Total of all expenses incurred2016-12-31$4,255,383
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,984,080
Expenses. Certain deemed distributions of participant loans2016-12-31$12,363
Value of total corrective distributions2016-12-31$49,034
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$7,205,441
Value of total assets at end of year2016-12-31$49,880,296
Value of total assets at beginning of year2016-12-31$46,729,768
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$209,906
Total interest from all sources2016-12-31$57,142
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$5,107,538
Participant contributions at end of year2016-12-31$1,012,364
Participant contributions at beginning of year2016-12-31$1,309,620
Participant contributions at beginning of year2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$1,711,028
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$1,347,313
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$574,703
Other income not declared elsewhere2016-12-31$17,624
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$6,563,713
Value of net assets at end of year (total assets less liabilities)2016-12-31$49,880,296
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$46,729,768
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$44,870,838
Value of interest in pooled separate accounts at beginning of year2016-12-31$42,112,343
Interest on participant loans2016-12-31$57,142
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$2,286,066
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,960,492
Net investment gain/loss from pooled separate accounts2016-12-31$3,538,889
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,523,200
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,984,080
Contract administrator fees2016-12-31$209,906
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2016-12-31431947695
2015 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2015 401k financial data
Total transfer of assets to this plan2015-12-31$1,577,300
Total transfer of assets from this plan2015-12-31$9,376,992
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$6,837
Total income from all sources (including contributions)2015-12-31$7,261,624
Total of all expenses incurred2015-12-31$7,482,165
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$7,056,304
Value of total corrective distributions2015-12-31$6,836
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$10,116,436
Value of total assets at end of year2015-12-31$46,729,768
Value of total assets at beginning of year2015-12-31$54,756,838
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$419,025
Total interest from all sources2015-12-31$24,405
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$3,929,413
Participant contributions at end of year2015-12-31$1,309,620
Participant contributions at beginning of year2015-12-31$1,446,353
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$129,206
Assets. Other investments not covered elsewhere at end of year2015-12-31$1,347,313
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$4,964,674
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$6,837
Other income not declared elsewhere2015-12-31$7,413
Total non interest bearing cash at beginning of year2015-12-31$120,665
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-220,541
Value of net assets at end of year (total assets less liabilities)2015-12-31$46,729,768
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$54,750,001
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$50,215,962
Value of interest in pooled separate accounts at end of year2015-12-31$42,112,343
Interest on participant loans2015-12-31$24,405
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,552,761
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,552,761
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,960,492
Net investment gain/loss from pooled separate accounts2015-12-31$-2,886,630
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,222,349
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$291,891
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$7,056,304
Contract administrator fees2015-12-31$419,025
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2015-12-31431947695
2011 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$84,921
Total transfer of assets from this plan2011-12-31$1,049,901
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,846
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,834,749
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,768,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,610,135
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,807,372
Value of total assets at end of year2011-12-31$15,926,687
Value of total assets at beginning of year2011-12-31$16,821,819
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$158,612
Total interest from all sources2011-12-31$23,448
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$267,843
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$267,843
Administrative expenses professional fees incurred2011-12-31$10,000
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$700,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,282,236
Participant contributions at end of year2011-12-31$756,834
Participant contributions at beginning of year2011-12-31$674,122
Participant contributions at end of year2011-12-31$24,775
Participant contributions at beginning of year2011-12-31$60,478
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$84,085
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$3,846
Total non interest bearing cash at end of year2011-12-31$37,941
Total non interest bearing cash at beginning of year2011-12-31$23,412
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$66,002
Value of net assets at end of year (total assets less liabilities)2011-12-31$15,922,841
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$16,821,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$64,394
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$13,222,011
Value of interest in pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$13,431,270
Interest on participant loans2011-12-31$23,448
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,871,035
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,563,761
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,563,761
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$897,100
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-263,914
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$441,051
Employer contributions (assets) at end of year2011-12-31$14,091
Employer contributions (assets) at beginning of year2011-12-31$171,676
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,610,135
Contract administrator fees2011-12-31$84,218
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31LEONARD MARSOCCI, CPA, PA
Accountancy firm EIN2011-12-31592852299
2010 : PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$2,587,253
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,713,929
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,777,782
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,493,125
Expenses. Certain deemed distributions of participant loans2010-12-31$137,867
Value of total corrective distributions2010-12-31$5,808
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,993,610
Value of total assets at end of year2010-12-31$16,821,819
Value of total assets at beginning of year2010-12-31$14,298,419
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$140,982
Total interest from all sources2010-12-31$34,740
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$700,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,430,920
Participant contributions at end of year2010-12-31$674,122
Participant contributions at beginning of year2010-12-31$421,819
Participant contributions at end of year2010-12-31$60,478
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$136
Total non interest bearing cash at end of year2010-12-31$23,412
Total non interest bearing cash at beginning of year2010-12-31$16,925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-63,853
Value of net assets at end of year (total assets less liabilities)2010-12-31$16,821,819
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$14,298,419
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$61,807
Value of interest in pooled separate accounts at end of year2010-12-31$13,431,270
Value of interest in pooled separate accounts at beginning of year2010-12-31$11,971,813
Interest on participant loans2010-12-31$23,003
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,563,761
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,097,066
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,097,066
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$11,737
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$897,100
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$710,796
Net investment gain/loss from pooled separate accounts2010-12-31$1,685,579
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$562,690
Employer contributions (assets) at end of year2010-12-31$171,676
Employer contributions (assets) at beginning of year2010-12-31$80,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,493,125
Contract administrator fees2010-12-31$79,039
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LEONARD MARSOCCI, CPA PA
Accountancy firm EIN2010-12-31592852299

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

2017: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entityMulitple employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2011: PROGRESSIVE EMPLOYER MANAGEMENT COMPANY, INC. RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple 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 - 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 Covered2019
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $33,443
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 $33,443
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932414-000
Policy instance 1
Insurance contract or identification number932414-000
Number of Individuals Covered1434
Total amount of commissions paid to insurance brokerUSD $2,609
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 $2,609
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGANCY INC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number63296
Policy instance 1
Insurance contract or identification number63296
Number of Individuals Covered0
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $47,306
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number63296
Policy instance 1
Insurance contract or identification number63296
Number of Individuals Covered1169
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $120,962
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees61807
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Insurance broker nameT. ROWE PRICE ASSOCIATES, INC.

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