Plan Snapshot
- Plan Sponsor: Progressive Machine & Design, LLC
- Sponsor EIN: 161451739
- Sponsor Address: 727 ROWLEY ROAD, VICTOR, NY, 14564
- Plan Type: 401(k)
- Total Participants: 205
- Total Assets: $25.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 205 | $25.0M | $189,198 | $1.7M |
| 2023 | 200 | $22.7M | $178,342 | $1.7M |
| 2022 | 187 | $20.3M | $180,569 | $1.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $32,657 | — | $32,657 |
| THE WATERFORD GROUP LLC | ADVISOR | $25,000 | — | $25,000 |
| EFPR GROUP,CPAS,PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- EFPR GROUP,CPAS,PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,657
- Estimated Expense Ratio: 0.230% of plan assets
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 | $57,657 | $25,000 | — | — | — |
| 2023 | $48,578 | $25,000 | — | — | — |
| 2022 | $55,543 | — | — | — | — |