Defined Benefit (Pension)
2024 plan-year Defined Benefit (Pension) DOL Form 5500

INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

PROGRESS RAIL LOCOMOTIVE INC.

This Defined Benefit (Pension) plan holds $4M in total assets and serves 34 participants as of 2024. It is sponsored by PROGRESS RAIL LOCOMOTIVE INC. in Illinois. The plan reported a net loss of $780K for the year.

Total Assets (2023)
$4M
Participants
34
State
Industry
Manufacturing

What the Filing Says About INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.

INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. is a Defined Benefit (Pension) retirement plan sponsored by PROGRESS RAIL LOCOMOTIVE INC., headquartered in Illinois. As of the 2024 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 34 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 201932740, and the plan has been effective since 2005-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $5M at the beginning of 2024 to $4M at year-end — a decline of 16.7%. Net assets (after liabilities) closed the year at $4M, with reported net income of $-780,082 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$5M
Total Assets (End of Year)$4M
Net Assets (End of Year)$4M
Net Income$-780,082
Plan TypeDefined Benefit (Pension)
Employer EIN201932740
Plan Effective Date2005-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (PROGRESS RAIL LOCOMOTIVE INC.)

Year Plans Participants Total Assets
2022 3 98 $26M
2023 3 93 $26M
2024 3 90 $25M

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Frequently Asked Questions

How much money is in the INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.?
As of the 2024 Form 5500 filing, INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. holds $4M in total assets with 34 participants. It is sponsored by PROGRESS RAIL LOCOMOTIVE INC..
What type of plan is INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.?
INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. is a Defined Benefit (Pension) plan. It has been effective since 2005-04-01. The plan is filed with the U.S. Department of Labor under EIN 201932740.
Who sponsors the INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.?
INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. is sponsored by PROGRESS RAIL LOCOMOTIVE INC., located in Illinois. The sponsor's EIN is 201932740 and the plan operates in the Manufacturing industry.
How did INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. perform in 2024?
INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. declined by 16.7% during 2024, moving from $5M to $4M in total assets. Net income was $-780,082.
Where can I find official filings for INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC.?
Official Form 5500 filings for INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 201932740 or plan name at efast.dol.gov.
How does INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. compare to other plans?
You can compare INDIVIDUAL RETIREMENT PLAN FOR HOURLY EMPLOYEES OF PROGRESS RAIL LOCOMOTIVE INC. against other Defined Benefit (Pension) plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.