401(k) · DOL Form 5500 · 2023

Progress Software Corporation 401(k) Plan

Data updated 2026-08-11

$354M
Total assets: 793
Participants: 97th
Percentile by assets: $446,186
Avg per participant

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.

97th percentile by assets (of 127,072 plans)
#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.

$354M
total plan assets (2023 EOY): 793
covered participants: 97th
percentile by assets (of 127,072 plans): $446,186
avg assets per participant

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 →

State

Massachusetts

Industry

Manufacturing

Progress Software Corporation 401(k) Plan vs the 2023 asset distribution

By assets, Progress Software Corporation 401(k) Plan outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$283M
Net Assets (End of Year)	$354M
Net Income	$71M
Employer EIN	042746201
Plan Effective Date	1991-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Progress Software Corporation)

Total plan assets by year, all Progress Software Corporation plans on file

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

Fidelity Retirement Savings Plan $28.6B · 62,289
Liberty Mutual 401(k) Plan $10.6B · 37,052
Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
Philips North America 401(k) Plan $5.8B · 19,120

Compare Progress Software Corporation 401(k) Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Progress Software Corporation 401(k) Plan by total assets, not by location.

Murphy-Hoffman Company Employee Profit Sharing Plan (KS) $354M · 4,144
Integra Lifesciences Corporation 401(k) Trust (NJ) $354M · 2,240
Multicare Health System 401(k) Plan (WA) $354M · 5,211
Icma Retirement Corporation Retirement Savings Plan (DC) $354M · 611

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).

Next read for Progress Software Corporation 401(k) Pla…

Scale reading

Ways to act on Progress Software Corporation 401(k) Plan's numbers.

By total assets, Progress Software Corporation 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
Progress Software Corporation's sponsor-wide assets have grown 43.4% since 2022 across 3 plan years on file. More Manufacturing plans

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.