401(k) · DOL Form 5500 · 2022
Progress Software Corporation 401(k) Plan
Data updated 2026-08-11
- $283M
- Total assets
- 761
- Participants
- 97th
- Percentile by assets
- $371,632
- Avg per participant
Official DOL plan name: Progress Software Corporation 401(k) Plan · Sponsored by Progress Software Corporation · Massachusetts · Manufacturing
$283M in assets, 761 participants
Progress Software Corporation's Progress Software Corporation 401(k) Plan reported $283M in total assets and 761 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 139,126 plans)
- #19,494 in Manufacturing (20,602 peers)
Where Progress Software Corporation 401(k) Plan sits by assets
Progress Software Corporation 401(k) Plan sits in the top 5% of all filed plans by assets, $283M for 761 participants (~$371,632/participant), down 20.6% in 2022.
- $283M
- total plan assets (2022 EOY)
- 761
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $371,632
- avg assets per participant
The plan reported a net loss of $78M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Progress Software Corporation 401(k) Plan vs the 2022 asset distribution
By assets, Progress Software Corporation 401(k) Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.8x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $356M |
|---|---|
| Net Assets (End of Year) | $283M |
| Net Income | -$78M |
| Employer EIN | 042746201 |
| Plan Effective Date | 1991-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Progress Software Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 761 | $283M |
| 2023 | 1 | 793 | $354M |
| 2024 | 1 | 846 | $406M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Progress Software Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $23.0B · 52,036
- Liberty Mutual 401(k) Plan $8.8B · 32,843
- Massachusetts Institute of Technology Supplemental 401(k) Plan $5.8B · 13,690
- Philips North America 401(k) Plan $5.2B · 19,750
- Boston Scientific Corporation 401(k) Retirement Savings Plan $4.9B · 18,359
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Progress Software Corporation 401(k) Plan by total assets, not by location.
- Sub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings Plan (WI) $283M · 1,225
- Colonial Pipeline Company 401(k) Investment Plan (GA) $283M · 919
- Accor 401(k) Plan () $283M · 8,533
- Roush 401(k) Profit Sharing Plan (MI) $283M · 4,798
Frequently Asked Questions
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Next read for Progress Software Corporation 401(k) Pla…
Scale reading
Ways to act on Progress Software Corporation 401(k) Plan's numbers.
- By total assets, Progress Software Corporation 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Progress Software Corporation's sponsor-wide assets have grown 43.4% since 2022 across 3 plan years on file. More Manufacturing plans