Progress Industries 403(b) match, vesting and fees
What Progress Industries' 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Henjes, Conner & Williams, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Progress Industries: employer contribution per participant | $1,418 | |
| Peer median | $1,468 |
| Progress Industries: average balance | $64,956 | |
| Peer median | $37,786 |
| Progress Industries: admin expenses ÷ assets | 0.51% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $9.1M at the end of plan year 2021 to $10M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 238 | $10M | $218K | $1,418 | 0.51% | Not published | Form 5500 ↗ |
| 2023 | 221 | $9.7M | $212K | $1,282 | 0.54% | Not published | Form 5500 ↗ |
| 2022 | 215 | $9.6M | $207K | $1,210 | 0.32% | Not published | Form 5500 ↗ |
| 2021 | 218 | $9.1M | $214K | $1,196 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Progress Industries match 401(k) contributions?
The match terms for the Thrift Plan for Employees of Progress Industries have not been published from its filing yet. The plan year 2024 filing reports $218K in employer contributions, about $1,418 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Progress Industries 401(k) match vested?
The vesting schedule for the Thrift Plan for Employees of Progress Industries is not in the data published so far. Your Summary Plan Description states it.
Who manages the Progress Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Progress Industries.
I left Progress Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Progress Industries, (641) 792-6119) or the recordkeeper, Principal Life Insurance Company. The Progress Industries old 401(k) page lists the contacts from every plan filing. Find an old Progress Industries 401(k)
Data from the public Form 5500 annual reports Progress Industries filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Progress Industries. Not financial advice. Report a correction · Methodology