Defined Benefit (Pension) · DOL Form 5500 · 2024
Progress Rail Locomotive Inc. Pension Plan
Data updated 2026-08-06
- $4M
- Total assets
- 34
- Participants
- 38th
- Percentile by assets
- $114,120
- Avg per participant
Official DOL plan name: Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. · Sponsored by Progress Rail Locomotive Inc. · Illinois · Manufacturing
$4M in assets, 34 participants
Progress Rail Locomotive Inc.'s Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. reported $4M in total assets and 34 participants in its 2024 DOL Form 5500 filing, ranking in the 38th 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.
- 38th percentile by assets (of 116,472 plans)
2024 asset change
Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. declined sharply 16.7% in 2024 ($5M → $4M) for 34 participants.
- $4M
- total plan assets (2024 EOY)
- 34
- covered participants
- 38th
- percentile by assets (of 116,472 plans)
- $114,120
- avg assets per participant
The plan reported a net loss of $780K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. reported net income fell from -$29K in the plan year 2023 filing to -$780K in the plan year 2024 filing.
- Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. end-of-year assets fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. reported participants fell from 35 in the plan year 2023 filing to 34 in the plan year 2024 filing.
2024 asset move for Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc.
Year over year, total assets declined sharply from $5M at the start of 2024 to $4M at year-end (down 16.7%). Net assets closed at $4M; reported net income -$780K.
Progress Rail Locomotive Inc. years around the 2024 move
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 98 | $26M |
| 2023 | 3 | 93 | $26M |
| 2024 | 3 | 90 | $25M |
2024 asset-move particulars
| Total Assets (Beginning of Year) | $5M |
|---|---|
| Net Assets (End of Year) | $4M |
| Net Income | -$780K |
| Employer EIN | 201932740 |
| Plan Effective Date | 2005-04-01 |
| Filing Status | FILING RECEIVED |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- Exelon Corporation Retirement Program $6.1B · 8,898
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. by total assets, not by location.
- Retirement Plan for the Hourly Union Employees of GE Aviation Systems, Sterling, Va Division (OH) $4M · 13
- Sarasota Emergency Associates, PA Cash Balance Plan (FL) $4M · 119
- Southwestern Community Action Council, Inc. Retirement Income Plan (WV) $4M · 80
- Sheet Metal Workers Local 194 Industrial Pension Fund (PA) $4M · 87
Frequently Asked Questions
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2024 change
Ways to act on Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc.'s numbers.
- By total assets, Individual Retirement Plan for Hourly Employees of Progress Rail Locomotive Inc. ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Progress Rail Locomotive Inc.'s sponsor-wide assets have declined 5.4% 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 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 201932740.
Read our methodology - how this data is sourced, computed, and verified.