# Progressive Communications, INC. 401(k) Plan
Source: https://planprovider.pro/companies/progressive-communications-inc-401k-plan

> Progressive Communications, INC.&#39;s 401(k) plan: 175 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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