401(k) · DOL Form 5500 · 2022

Progress Bank 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
236
Participants Below avg headcount
72nd
Percentile by assets National rank
$60,306
Avg per participant Low balance/head
PlainRetire home → About this data

Official DOL plan name: Progress Bank 401(k) Profit Sharing Plan · Sponsored by Progress Bank · Alabama · Finance & Insurance

$14M in assets, 236 participants

Progress Bank's Progress Bank 401(k) Profit Sharing Plan reported $14M in total assets and 236 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,207 in Finance & Insurance (9,261 peers)

2022 asset change

Progress Bank 401(k) Profit Sharing Plan declined sharply 26.8% in 2022 ($19M → $14M) for 236 participants.

#5,207
in Finance & Insurance (9,261 peers)
-26.8%
assets change YoY

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Progress Bank 401(k) Profit Sharing Plan's outsized position by total assets

Progress Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$14,232,099 Top 28% higher than 72% 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 Bank 401(k) Profit Sharing 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 Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (236 participants).

Published 5500 schedule card

Filing strip 261740755 · Progress Bank PY 2022 · 401(k)

Progress Bank 401(k) Profit Sharing Plan · $14M · 236 · 72nd

  • RANK $14M
  • PHOTO 236
  • IND 72nd
  • EOY 401(k)
  • 5500 near Protegis, LLC 401(k) Retirement Plan
  • ASSETS ind #5207

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 Finance & Insurance retirement plans → · Plans in Alabama →

Progress Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Progress Bank 401(k) Profit Sharing PlanProgress Bank 401(k) Profit …$14MProtegis, LLC 401(k) Retirement PlanProtegis, LLC 401(k) Retirem…$14MRepublic Elite 401(k) Plan$14MMalca-Amit North America, Inc. 401(k) Savings PlanMalca-Amit North America, In…$14MEuropa Sports Partners, LLC 401(k) PlanEuropa Sports Partners, LLC …$14M
End-of-year total assets ($M) among Progress Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

2022 asset-move particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$14M
Net Income-$5M
Employer EIN261740755
Plan Effective Date2007-11-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Progress Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Progress Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.014232099 · Participants: 236Progress Bank 401(k) Profit Sharing PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.473693723 · Participants: 20809Regions Financial Corporation 401(k) PlanEncompass Health Corporation Retirement Investment Plan, Total assets ($B): 1.247463658 · Participants: 26602Encompass Health Corporation Retirement Investment PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.211223713 · Participants: 4237Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.148537747 · Participants: 8489Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 0.930385246 · Participants: 4593Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Progress Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Progress Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Progress Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Protegis, LLC 401(k) Retirement Plan in OH ($14M); by covered participants it is Kamps Propane, Inc./Kiva Energy, Inc./Services Group, Inc. 401(k) Profit Sharing Plan in CA (236 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (236 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 Bank 401(k) Profit Sharing Plan assets move in 2022? ▼
Progress Bank 401(k) Profit Sharing Plan declined sharply - down 26.8% during 2022, from $19M to $14M. Reported net income was -$5M.
Which 401(k) plans are similar in size to Progress Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Protegis, LLC 401(k) Retirement Plan in OH ($14M, 353 participants).
Which 401(k) plans cover a similar participant headcount to Progress Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kamps Propane, Inc./Kiva Energy, Inc./Services Group, Inc. 401(k) Profit Sharing Plan in CA (236 participants, N/A 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 261740755.

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.