ESOP · DOL Form 5500 · 2022

Progressive Ae, Inc. ESOP

Data updated 2026-08-25

$14M
Total assets Small plan by assets
241
Participants Below avg headcount
71st
Percentile by assets National rank
$58,179
Avg per participant Low balance/head
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Official DOL plan name: Progressive Ae Employee Stock Ownership Plan · Sponsored by Progressive Ae, Inc. · Michigan · Professional & Technical Services

$14M in assets, 241 participants

Progressive Ae, Inc.'s Progressive Ae Employee Stock Ownership Plan reported $14M in total assets and 241 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • #15,271 in Professional & Technical Services (21,562 peers)

Coverage in Michigan

Progressive Ae Employee Stock Ownership Plan covers 241 participants in Michigan, about 38% of the average Michigan filer (state average ~638 per filing). Assets: $14M.

#15,271
in Professional & Technical Services (21,562 peers)
+8.8%
assets growth YoY

Progressive Ae Employee Stock Ownership Plan's outsized position by total assets

Progressive Ae Employee Stock Ownership Plan vs every filed plan by assets

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

$14,021,034 Top 29% higher than 71% 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

Progressive Ae Employee Stock Ownership 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. Progressive Ae Employee Stock Ownership Plan sits mid-pack in the medium band (241 participants).

Plan-year Form 5500 strip

Filing strip 381752417 · Progressive Ae, Inc. PY 2022 · ESOP

Progressive Ae Employee Stock Ownership Plan · $14M · 241 · 71st

  • VS-ST $14M
  • VS-ST 241
  • VS-ST 71st
  • VS-ST ESOP
  • VS-ST near The Management Association, Inc. Employee Stock Ownership Plan
  • VS-ST ind #15271

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 What is an ESOP? → · Plans in Michigan →

Progressive Ae Employee Stock Ownership Plan in the asset neighbourhood

Citizens & Northern Corp. Employee Stock Ownership PlanCitizens & Northern Corp. Em…$14MB S K Associates Employee Stock Ownership PlanB S K Associates Employee St…$14MProgressive Ae Employee Stock Ownership PlanProgressive Ae Employee Stoc…$14MThe Management Association, Inc. Employee Stock Ownership PlanThe Management Association, …$14MMrsl Employee Stock Ownership PlanMrsl Employee Stock Ownershi…$14M
End-of-year total assets ($M) among Progressive Ae Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$1M
Employer EIN381752417
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Progressive Ae, Inc.)

Sponsor-wide plan assets over time

All Progressive Ae, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$86M 60.31272361387514% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $53.6M $86M ▲ +60.3%
Year Plans Participants Total Assets
2022 2 482 $54M
2023 2 516 $74M
2024 2 586 $86M

Nearby ESOP Plans in Michigan

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

Progressive Ae Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -0.500.511.5 Total assets ($B) Participants Progressive Ae Employee Stock Ownership Plan, Total assets ($B): 0.014021034 · Participants: 241Progressive Ae Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.052163391 · Participants: 1155Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.725583306 · Participants: 1817The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.394784403 · Participants: 977Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.191093331 · Participants: 209Motor City Electric Co. Employee Stock Ownership PlanBandit Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.181896 · Participants: 591Bandit Holding Company, Inc. Employee Stock Ownership Plan
Progressive Ae Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Progressive Ae Employee Stock Ownership Plan side-by-side with 3 peers →

Progressive Ae Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is The Management Association, Inc. Employee Stock Ownership Plan in CA ($14M); by covered participants it is Distribution Alternatives, Inc. Employee Stock Ownership Plan in MN (241 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (241 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 Progressive Ae Employee Stock Ownership Plan assets move in 2022? ▼
Progressive Ae Employee Stock Ownership Plan grew at a solid clip - up 8.8% during 2022, from $13M to $14M. Reported net income was $1M.
How have Progressive Ae, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progressive Ae, Inc.'s sponsor-wide assets grew 60.3%, from $54M to $86M.
Which ESOP plans are similar in size to Progressive Ae Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Management Association, Inc. Employee Stock Ownership Plan in CA ($14M, 525 participants).
Which ESOP plans cover a similar participant headcount to Progressive Ae Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Distribution Alternatives, Inc. Employee Stock Ownership Plan in MN (241 participants, $4M 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 381752417.

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.