401(k) · DOL Form 5500 · 2022

Progress Software Corporation 401(k) Plan

Data updated 2026-08-25

$283M
Total assets Near avg plan size
761
Participants Near avg headcount
97th
Percentile by assets National rank
$371,632
Avg per participant High balance/head
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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.

  • #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.

#19,494
in Manufacturing (20,602 peers)
-20.6%
assets change YoY
2.8×
vs typical plan assets (national mean)

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's outsized position by total assets

Progress Software Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$282,811,997 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Progress Software Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progress Software Corporation 401(k) Plan sits mid-pack in the medium band (761 participants).

DOL schedule card

Filing strip 042746201 · Progress Software Corporation PY 2022 · 401(k)

Progress Software Corporation 401(k) Plan · $283M · 761 · 97th

  • VS-ST $283M
  • BOY 761
  • SCH 97th
  • EBSA 401(k)
  • PART near Sub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings Plan
  • TYPE ind #19494

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Massachusetts →

Progress Software Corporation 401(k) Plan in the asset neighbourhood

Accor 401(k) Plan$283MColonial Pipeline Company 401(k) Investment PlanColonial Pipeline Company 40…$283MSub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings PlanSub-Zero/Wolf Employees' Pro…$283MProgress Software Corporation 401(k) PlanProgress Software Corporatio…$283MRoush 401(k) Profit Sharing PlanRoush 401(k) Profit Sharing …$283M
End-of-year total assets ($M) among Progress Software Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$356M
Net Assets (End of Year)$283M
Net Income-$78M
Employer EIN042746201
Plan Effective Date1991-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Progress Software Corporation)

Sponsor-wide plan assets over time

All Progress Software Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$406M 43.39003447580054% vs 2022
2024 filing year
$250M$300M$350M$400M$450M 202220232024 $283M $406M ▲ +43.4%
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 Scatter plot of 6 data points. -200000200004000060000 -50510152025 Total assets ($B) Participants Progress Software Corporation 401(k) Plan, Total assets ($B): 0.282811997 · Participants: 761Progress Software Corporation 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Progress Software Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Progress Software Corporation 401(k) Plan side-by-side with 3 peers →

Progress Software Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Sub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings Plan in WI ($283M); by covered participants it is Pomptonian, Inc. 401(k) Savings Plan in NJ (761 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($283M here).

Similar participant headcount

Nearest other-state filings by covered participants (761 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Progress Software Corporation 401(k) Plan assets move in 2022? ▼
Progress Software Corporation 401(k) Plan declined sharply - down 20.6% during 2022, from $356M to $283M. Reported net income was -$78M.
How have Progress Software Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progress Software Corporation's sponsor-wide assets grew 43.4%, from $283M to $406M.
Where does Progress Software Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Progress Software Corporation 401(k) Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Progress Software Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings Plan in WI ($283M, 1,225 participants).
Which 401(k) plans cover a similar participant headcount to Progress Software Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pomptonian, Inc. 401(k) Savings Plan in NJ (761 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042746201.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.