401(k) · DOL Form 5500 · 2024

Progress Machining Inc. 401(k) Plan

Data updated 2026-08-25

$447K
Total assets Small plan by assets
7
Participants Small participant base
17th
Percentile by assets National rank
$63,804
Avg per participant Low balance/head
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Official DOL plan name: Progress Machining Inc. 401(k) Plan · Sponsored by Progress Machining Inc. · Michigan · Manufacturing

$447K in assets, 7 participants

Progress Machining Inc.'s Progress Machining Inc. 401(k) Plan reported $447K in total assets and 7 participants in its 2024 DOL Form 5500 filing, ranking in the 17th 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.

  • #1,149 in Manufacturing (17,777 peers)

Progress Machining Inc. multi-year trail

Progress Machining Inc.'s plans moved +478.9% in assets from 2022 to 2024; this filing shows Progress Machining Inc. 401(k) Plan at $447K / 7 participants.

#1,149
in Manufacturing (17,777 peers)
+85.0%
assets growth YoY

Progress Machining Inc. 401(k) Plan among the smaller filed plans by assets

Progress Machining Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$446,629 17th percentile higher than 17% of 123,620 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 2024

Progress Machining Inc. 401(k) Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progress Machining Inc. 401(k) Plan is a micro filing (7 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Progress Machining Inc. 401(k) Plan end-of-year assets rose from $241K in the plan year 2023 filing to $447K in the plan year 2024 filing.
  • Progress Machining Inc. 401(k) Plan reported net income rose from $164K in the plan year 2023 filing to $205K in the plan year 2024 filing.
  • Progress Machining Inc. 401(k) Plan reported participants fell from 8 in the plan year 2023 filing to 7 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 872718040 · Progress Machining Inc. PY 2024 · 401(k)

Progress Machining Inc. 401(k) Plan · $447K · 7 · 17th

  • RANK $447K
  • PHOTO 7
  • IND 17th
  • EOY 401(k)
  • 5500 near Advanced Solutions Inc 401(k) Plan
  • ASSETS ind #1149

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 Michigan →

Progress Machining Inc. 401(k) Plan in the asset neighbourhood

Progress Machining Inc. 401(k) PlanProgress Machining Inc. 401(…$447KAdvanced Solutions Inc 401(k) PlanAdvanced Solutions Inc 401(k…$447KBlacksmith Enterprises, Inc. 401(k) PlanBlacksmith Enterprises, Inc.…$447KHwy1 401(k)$447KConceptually Chic Design Solutions, Inc. Retirement PlanConceptually Chic Design Sol…$446K
End-of-year total assets ($M) among Progress Machining Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Progress Machining Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Progress Machining Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$447K 478.8573946628303% vs 2022
2024 filing year
$0M$0.2M$0.4M$0.6M 202220232024 $0.08M $0.45M ▲ +462.5%
Year Plans Participants Total Assets
2022 1 1 $77K
2023 1 8 $241K
2024 1 7 $447K

Progress Machining Inc. filing trail (2024)

Total Assets (Beginning of Year)$241K
Net Assets (End of Year)$447K
Net Income$205K
Employer EIN872718040
Plan Effective Date2021-12-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Progress Machining Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Progress Machining Inc. 401(k) Plan, Total assets ($B): 0.000446629 · Participants: 7Progress Machining Inc. 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Progress Machining Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Progress Machining Inc. 401(k) Plan side-by-side with 3 peers →

Progress Machining Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Advanced Solutions Inc 401(k) Plan in CO ($447K); by covered participants it is Nexvisionix, Inc. 401(k) Plan in CA (7 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($447K here).

Similar participant headcount

Nearest other-state filings by covered participants (7 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Progress Machining Inc. 401(k) Plan assets move in 2024? ▼
Progress Machining Inc. 401(k) Plan surged - up 85.0% during 2024, from $241K to $447K. Reported net income was $205K.
How have Progress Machining Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progress Machining Inc.'s sponsor-wide assets grew 478.9%, from $77K to $447K.
Where does Progress Machining Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Progress Machining Inc. 401(k) Plan ranks in the 17th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Progress Machining Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Advanced Solutions Inc 401(k) Plan in CO ($447K, 2 participants).
Which 401(k) plans cover a similar participant headcount to Progress Machining Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nexvisionix, Inc. 401(k) Plan in CA (7 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 872718040.

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.