ESOP · DOL Form 5500 · 2023
Progressive Ae, Inc. ESOP
Data updated 2026-08-11
- $20M
- Total assets
- 259
- Participants
- 72nd
- Percentile by assets
- $76,423
- Avg per participant
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.
- 72nd percentile by assets (of 127,072 plans)
- #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.
- $20M
- total plan assets (2023 EOY)
- 259
- covered participants
- 72nd
- percentile by assets (of 127,072 plans)
- $76,423
- avg assets per participant
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.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Progressive Ae Employee Stock Ownership Plan reports 259 participants - about 41% of that state average ($20M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $20M |
| Net Income | $6M |
| Employer EIN | 381752417 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Progressive Ae, Inc.)
| 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
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
- The Kendall Group Employee Stock Ownership Plan $808M · 1,907
- Project Worldwide, Inc. Employee Stock Ownership Plan $436M · 1,173
- Motor City Electric Co. Employee Stock Ownership Plan $258M · 207
- Lee Contracting, Inc. Employee Stock Ownership Plan $238M · 500
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Progressive Ae Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Progressive Ae Employee Stock Ownership Plan assets move in 2023? ▼
How have Progressive Ae, Inc. plan assets changed over time? ▼
Which ESOP plans are similar in size to Progressive Ae Employee Stock Ownership Plan? ▼
Next read for Progressive Ae Employee Stock Ownership …
Filing takeaways
Ways to act on Progressive Ae Employee Stock Ownership Plan's numbers.
- By total assets, Progressive Ae Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Progressive Ae, Inc.'s sponsor-wide assets have grown 60.3% since 2022 across 3 plan years on file. More Professional & Technical Services plans