ESOP · DOL Form 5500 · 2024

R. M. Galicia, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
124
Participants Small participant base
41st
Percentile by assets National rank
$37,745
Avg per participant Low balance/head
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Official DOL plan name: Progressive Management Systems Employee Stock Ownership Plan · Sponsored by R. M. Galicia, Inc. · California · Administrative & Support Services

$5M in assets, 124 participants

R. M. Galicia, Inc.'s Progressive Management Systems Employee Stock Ownership Plan reported $5M in total assets and 124 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.

  • #2,794 in Administrative & Support Services (4,368 peers)

Coverage in California

Progressive Management Systems Employee Stock Ownership Plan covers 124 participants in California, about 20% of the average California filer (state average ~630 per filing). Assets: $5M.

#2,794
in Administrative & Support Services (4,368 peers)
-23.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Progressive Management Systems Employee Stock Ownership Plan's mid-pack asset rank among Administrative & Support Services and all filers

Progressive Management Systems Employee Stock Ownership Plan vs every filed plan by assets

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

$4,680,417 41st percentile higher than 41% 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

Progressive Management Systems Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progressive Management Systems Employee Stock Ownership Plan sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Progressive Management Systems Employee Stock Ownership Plan reported net income fell from -$429K in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Progressive Management Systems Employee Stock Ownership Plan end-of-year assets fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Progressive Management Systems Employee Stock Ownership Plan reported participants fell from 142 in the plan year 2023 filing to 124 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 953901427 · R. M. Galicia, Inc. PY 2024 · ESOP

Progressive Management Systems Employee Stock Ownership Plan · $5M · 124 · 41st

  • SCH $5M
  • EBSA 124
  • PART 41st
  • TYPE ESOP
  • NET near Grw Engineers, Inc. Employee Stock Ownership Plan
  • BOOK ind #2794

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 California →

Progressive Management Systems Employee Stock Ownership Plan in the asset neighbourhood

Comstock Valuation Advisors, Inc. Employee Stock Ownership PlanComstock Valuation Advisors,…$5MProgressive Management Systems Employee Stock Ownership PlanProgressive Management Syste…$5MGrw Engineers, Inc. Employee Stock Ownership PlanGrw Engineers, Inc. Employee…$5MAcutec Precision Aerospace Employee Stock Ownership PlanAcutec Precision Aerospace E…$5MEarl Bacon Agency, Inc. Employee Stock Ownership PlanEarl Bacon Agency, Inc. Empl…$5M
End-of-year total assets ($M) among Progressive Management Systems Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$4M
Net Income-$2M
Employer EIN953901427
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (R. M. Galicia, Inc.)

Sponsor-wide plan assets over time

All R. M. Galicia, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 28.888711632952585% vs 2022
2024 filing year
$4M$5M$6M$7M 202220232024 $6.58M $4.68M ▼ -28.9%
Year Plans Participants Total Assets
2022 1 135 $7M
2023 1 142 $6M
2024 1 124 $5M

Nearby ESOP Plans in California

Peer ESOP plans, same state, same plan type, ranked by total assets.

Progressive Management Systems Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -20246 Total assets ($B) Participants Progressive Management Systems Employee Stock Ownership Plan, Total assets ($B): 0.004680417 · Participants: 124Progressive Management Systems Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 4.994512995 · Participants: 8040Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.694943363 · Participants: 1499Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.538046697 · Participants: 1998Rosendin Electric, Inc. Employee Stock Ownership PlanEcc Employee Stock Ownership Plan, Total assets ($B): 0.632082376 · Participants: 317Ecc Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.596115632 · Participants: 68Agron, Inc. Employee Stock Ownership Plan
Progressive Management Systems Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Progressive Management Systems Employee Stock Ownership Plan side-by-side with 3 peers →

Progressive Management Systems Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside California, the nearest ESOP by assets is Grw Engineers, Inc. Employee Stock Ownership Plan in KY ($5M); by covered participants it is Cline Design Employee Stock Ownership Plan in NC (124 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (124 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 Progressive Management Systems Employee Stock Ownership Plan assets move in 2024? ▼
Progressive Management Systems Employee Stock Ownership Plan declined sharply - down 23.3% during 2024, from $6M to $5M. Reported net income was -$2M.
How have R. M. Galicia, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), R. M. Galicia, Inc.'s sponsor-wide assets declined 28.9%, from $7M to $5M.
Which ESOP plans are similar in size to Progressive Management Systems Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Grw Engineers, Inc. Employee Stock Ownership Plan in KY ($5M, 171 participants).
Which ESOP plans cover a similar participant headcount to Progressive Management Systems Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cline Design Employee Stock Ownership Plan in NC (124 participants, $5M 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 953901427.

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.