ESOP · DOL Form 5500 · 2023

Progressive Ae, Inc. ESOP

Data updated 2026-08-25

$20M
Total assets Small plan by assets
259
Participants Below avg headcount
72nd
Percentile by assets National rank
$76,423
Avg per participant Below avg 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

$20M in assets, 259 participants

Progressive Ae, Inc.'s Progressive Ae Employee Stock Ownership Plan reported $20M in total assets and 259 participants in its 2023 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.

  • #14,669 in Professional & Technical Services (20,321 peers)

Coverage in Michigan

Progressive Ae Employee Stock Ownership Plan covers 259 participants in Michigan, about 41% of the average Michigan filer (state average ~638 per filing). Assets: $20M.

#14,669
in Professional & Technical Services (20,321 peers)
+41.2%
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 2023 · DOL Form 5500

$19,793,498 Top 28% higher than 72% 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

Progressive Ae Employee Stock Ownership 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. Progressive Ae Employee Stock Ownership Plan sits mid-pack in the medium band (259 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Progressive Ae Employee Stock Ownership Plan reported net income rose from $1M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Progressive Ae Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Progressive Ae Employee Stock Ownership Plan reported participants rose from 241 in the plan year 2022 filing to 259 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 381752417 · Progressive Ae, Inc. PY 2023 · ESOP

Progressive Ae Employee Stock Ownership Plan · $20M · 259 · 72nd

  • PCT $20M
  • PCT 259
  • PCT 72nd
  • PCT ESOP
  • PCT near Dangelo Co. Employee Stock Ownership Plan
  • PCT ind #14669

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

Dangelo Co. Employee Stock Ownership PlanDangelo Co. Employee Stock O…$20MProgressive Ae Employee Stock Ownership PlanProgressive Ae Employee Stoc…$20MWestern Idaho Cabinets, Inc. Employee Stock Ownership Plan and TrustWestern Idaho Cabinets, Inc.…$20MBrewco Marketing Group Employee Stock Ownership PlanBrewco Marketing Group Emplo…$20MW. H. Bass, Inc. Employee Stock Ownership PlanW. H. Bass, Inc. Employee St…$20M
End-of-year total assets ($M) among Progressive Ae Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$20M
Net Income$6M
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): 0.019793498 · Participants: 259Progressive Ae Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, 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 Dangelo Co. Employee Stock Ownership Plan in MO ($20M); by covered participants it is Azurite Professional Community Employee Stock Ownership Plan in NM (259 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (259 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 Progressive Ae Employee Stock Ownership Plan assets move in 2023? ▼
Progressive Ae Employee Stock Ownership Plan surged - up 41.2% during 2023, from $14M to $20M. Reported net income was $6M.
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 Dangelo Co. Employee Stock Ownership Plan in MO ($20M, 57 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 Azurite Professional Community Employee Stock Ownership Plan in NM (259 participants, $24M 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 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.