# Progressive Technology Federal 401(k) Plan
Source: https://planprovider.pro/companies/progressive-technology-federal-401k-plan

> Progressive Technology Federal&#39;s 401(k) plan: 76 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/northwestern-mutual) — INVESTMENT/FINANCIAL ADVI

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [RUBINO & COMPANY](https://planprovider.pro/provider/rubino-and-company-chartered) — 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|—|—|—|—|

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