401(k) · DOL Form 5500 · 2023

Progress Software Corporation 401(k) Plan

Data updated 2026-08-25

$354M
Total assets Above avg plan size
793
Participants Near avg headcount
97th
Percentile by assets National rank
$446,186
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

$354M in assets, 793 participants

Progress Software Corporation's Progress Software Corporation 401(k) Plan reported $354M in total assets and 793 participants in its 2023 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.

  • #17,701 in Manufacturing (18,722 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, $354M for 793 participants (~$446,186/participant), up 25.1% in 2023.

#17,701
in Manufacturing (18,722 peers)
+25.1%
assets growth YoY
3.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$353,825,419 Top 3% higher than 97% 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 Software Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 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 (793 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Progress Software Corporation 401(k) Plan reported net income rose from -$78M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • Progress Software Corporation 401(k) Plan end-of-year assets rose from $283M in the plan year 2022 filing to $354M in the plan year 2023 filing.
  • Progress Software Corporation 401(k) Plan reported participants rose from 761 in the plan year 2022 filing to 793 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 042746201 · Progress Software Corporation PY 2023 · 401(k)

Progress Software Corporation 401(k) Plan · $354M · 793 · 97th

  • ASSETS $354M
  • PCT 793
  • EIN 97th
  • RANK 401(k)
  • PHOTO near Murphy-Hoffman Company Employee Profit Sharing Plan
  • IND ind #17701

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

Integra Lifesciences Corporation 401(k) TrustIntegra Lifesciences Corpora…$354MMurphy-Hoffman Company Employee Profit Sharing PlanMurphy-Hoffman Company Emplo…$354MProgress Software Corporation 401(k) PlanProgress Software Corporatio…$354MMulticare Health System 401(k) PlanMulticare Health System 401(…$354MIcma Retirement Corporation Retirement Savings PlanIcma Retirement Corporation …$354M
End-of-year total assets ($M) among Progress Software Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$283M
Net Assets (End of Year)$354M
Net Income$71M
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. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Progress Software Corporation 401(k) Plan, Total assets ($B): 0.353825419 · Participants: 793Progress Software Corporation 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) 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 Murphy-Hoffman Company Employee Profit Sharing Plan in KS ($354M); by covered participants it is 8th Avenue Food & Provisions, Inc. 401(k) Plan in MO (793 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (793 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 Software Corporation 401(k) Plan assets move in 2023? ▼
Progress Software Corporation 401(k) Plan grew sharply - up 25.1% during 2023, from $283M to $354M. Reported net income was $71M.
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 127,072 plans that reported assets for plan year 2023 (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 Murphy-Hoffman Company Employee Profit Sharing Plan in KS ($354M, 4,144 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 8th Avenue Food & Provisions, Inc. 401(k) Plan in MO (793 participants, $72M 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 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.