Plan Snapshot
- Plan Sponsor: Progressive Technology Federal
- Sponsor EIN: 521942959
- Sponsor Address: 1801 RESEARCH BLVD, SUITE 310, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Total Participants: 76
- Total Assets: $14.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 76 | $14.5M | $246,205 | $766,098 |
| 2023 | 88 | $14.2M | $201,542 | $767,153 |
| 2022 | 87 | $12.3M | $154,021 | $694,804 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL INVESTMENT SERV | INVESTMENT/FINANCIAL ADVI | $28,243 | — | $28,243 |
| ADP, INC. | RECORD KEEPER | $15,811 | — | $15,811 |
| RUBINO & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL INVESTMENT SERV — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- RUBINO & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,054
- Estimated Expense Ratio: 0.304% 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 | $44,054 | $28,243 | — | — | — |
| 2023 | $32,041 | $20,915 | — | — | — |
| 2022 | $4,537 | — | — | — | — |