Profit Sharing · DOL Form 5500 · 2023

Progress Electric Company Profit Sharing Plan

Data updated 2026-08-25

$242K
Total assets Small plan by assets
6
Participants Small participant base
12th
Percentile by assets National rank
$40,413
Avg per participant Low balance/head
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Official DOL plan name: Progress Electric Company Profit Sharing Plan · Sponsored by Progress Electric Company · Illinois · Construction

$242K in assets, 6 participants

Progress Electric Company's Progress Electric Company Profit Sharing Plan reported $242K in total assets and 6 participants in its 2023 DOL Form 5500 filing, ranking in the 12th 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.

  • #1,001 in Construction (9,030 peers)

What the 2023 filing shows

Progress Electric Company Profit Sharing Plan holds $242K for 6 participants - about $40,413 per participant, among the smaller plans by assets on file.

#1,001
in Construction (9,030 peers)
-2.8%
assets change YoY

The plan reported a net loss of $7K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Progress Electric Company Profit Sharing Plan among the smaller filed plans by assets

Progress Electric Company Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$242,478 12th percentile higher than 12% of 127,068 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 2023

Progress Electric Company Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progress Electric Company Profit Sharing Plan is a micro filing (6 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Progress Electric Company Profit Sharing Plan reported net income rose from -$144K in the plan year 2022 filing to -$7K in the plan year 2023 filing.
  • Progress Electric Company Profit Sharing Plan end-of-year assets fell from $249K in the plan year 2022 filing to $242K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 363579734 · Progress Electric Company PY 2023 · Profit Sharing

Progress Electric Company Profit Sharing Plan · $242K · 6 · 12th

  • TYPE $242K
  • TYPE 6
  • TYPE 12th
  • TYPE Profit Sharing
  • TYPE near Co2ol, Inc. Profit Sharing Plan
  • TYPE ind #1001

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 Construction retirement plans → · Plans in Illinois →

Progress Electric Company Profit Sharing Plan in the asset neighbourhood

Progress Electric Company Profit Sharing PlanProgress Electric Company Pr…$242KCo2ol, Inc. Profit Sharing PlanCo2ol, Inc. Profit Sharing P…$243KPaul Petersen Inc. Retirement PlanPaul Petersen Inc. Retiremen…$243KRestore Endeavors Inc. Retirement PlanRestore Endeavors Inc. Retir…$243KReay Resources Inc. Retirement PlanReay Resources Inc. Retireme…$242K
End-of-year total assets ($M) among Progress Electric Company Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$249K
Net Assets (End of Year)$242K
Net Income-$7K
Employer EIN363579734
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Progress Electric Company)

Sponsor-wide plan assets over time

All Progress Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$235K 5.87511473267787% vs 2022
2024 filing year
$0.22M$0.23M$0.24M$0.25M$0.26M 202220232024 $0.25M $0.23M ▼ -8.0%
Year Plans Participants Total Assets
2022 1 6 $249K
2023 1 6 $242K
2024 1 5 $235K

Nearby Profit Sharing Plans in Illinois

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Progress Electric Company Profit Sharing Plan vs. nearby Profit Sharing plans in Illinois, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -101234 Total assets ($B) Participants Progress Electric Company Profit Sharing Plan, Total assets ($B): 0.000242478 · Participants: 6Progress Electric Company Profit Sharing PlanW. W. Grainger, Inc. Retirement Savings Plan, Total assets ($B): 3.454274218 · Participants: 18524W. W. Grainger, Inc. Retirement Savings PlanElectrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5, Total assets ($B): 3.245353634 · Participants: 23108Electrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5Mcmaster-Carr Supply Company Profit Sharing Trust, Total assets ($B): 2.733520068 · Participants: 4366Mcmaster-Carr Supply Company Profit Sharing TrustMid-America Carpenters Regional Council Supplemental Retirement Plan, Total assets ($B): 1.788799198 · Participants: 16214Mid-America Carpenters Regional Council Supplemental Retirement PlanCarle Foundation Hospital and Affiliates Matching Tsa Plan, Total assets ($B): 1.173752843 · Participants: 15604Carle Foundation Hospital and Affiliates Matching Tsa Plan
Progress Electric Company Profit Sharing Plan vs. nearby Profit Sharing plans in Illinois, assets vs. participants
Compare Progress Electric Company Profit Sharing Plan side-by-side with 3 peers →

Progress Electric Company Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Illinois, the nearest Profit Sharing by assets is Co2ol, Inc. Profit Sharing Plan in FL ($243K); by covered participants it is Watering Lane Ventures, Inc. Profit Sharing Plan in NH (6 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($242K here).

Similar participant headcount

Nearest other-state filings by covered participants (6 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Progress Electric Company Profit Sharing Plan assets move in 2023? ▼
Progress Electric Company Profit Sharing Plan edged down modestly - down 2.8% during 2023, from $249K to $242K. Reported net income was -$7K.
How have Progress Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progress Electric Company's sponsor-wide assets declined 5.9%, from $249K to $235K.
Where does Progress Electric Company Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Progress Electric Company Profit Sharing Plan ranks in the 12th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Progress Electric Company Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Co2ol, Inc. Profit Sharing Plan in FL ($243K, 8 participants).
Which Profit Sharing plans cover a similar participant headcount to Progress Electric Company Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Watering Lane Ventures, Inc. Profit Sharing Plan in NH (6 participants, $231K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 363579734.

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.