Plan Snapshot
- Plan Sponsor: Progressive Communications, INC.
- Sponsor EIN: 582431088
- Sponsor Address: 300 MULBERRY ST. SUITE 602, MACON, GA, 31201
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 175 | $8.7M | $242,379 | $518,191 |
| 2023 | 205 | $7.4M | $263,215 | $627,540 |
| 2022 | 205 | $6.0M | $274,124 | $624,977 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MCNAIR, MCLEMORE, MIDDLEBROOKS & CO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $42,193 | $40,061 | — | — | — |
| 2023 | $35,183 | $33,143 | — | — | — |
| 2022 | $19,143 | $17,314 | — | — | — |